Question: Suppose we plan to save $ 5 0 0 today, and $ 1 , 0 0 0 at the end of each of the next
Suppose we plan to save $ today, and $ at the end of each of the next two years. If we earn a fixed interest rate on our savings, how much will we have three years from today?
I calculated the question as PV PMT N IY CPT FV
Why my calculation is incorrect? How will you fix my answer?
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