You plan to deposit $1,000 every year for the next 30 years, with the first payment to

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You plan to deposit $1,000 every year for the next 30 years, with the first payment to be made today. However, you expect to be unable to make the deposit 5 years from today. At a rate of 4%, compounded semi-annually.

How much will you have 30 years from today?

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Jun 21, 2023 03:04 AM

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You plan to deposit $1,000 every year for the next 30 years, with the first payment to

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To calculate the future value of your deposits we can use the formula for the future value of an ord... View the full answer

Financial Accounting and Reporting a Global Perspective

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