You are hoping to buy a new boat 3 years from now and you plan to save
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Question:
You are hoping to buy a new boat 3 years from now and you plan to save $4,200 (forty two hundred) per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% (five point two percent) interest.
HOW MUCH WILL YOU HAVE JUST AFTER YOU MAKE THE 3RD DEPOSIT, 3 YEARS FROM NOW?
Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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