You expect to receive $1,000 at the end of each of the next 3 years. You will
Fantastic news! We've Found the answer you've been seeking!
Question:
You expect to receive $1,000 at the end of each of the next 3 years. You will deposit these payments into an account that pays 12 percent compounded annually. What is the future value of these payments, that is, the value at the end of the third year?
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
Posted Date: