You plan to deposit $1,000 today, $5,000 in one year and $1,000 in two years in an

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You plan to deposit $1,000 today, $5,000 in one year and $1,000 in two years in an account earning 6.0% interest. What will the account balance be in 4 years? Round to the nearest cent.

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Mar 01, 2024 12:29 AM

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You plan to deposit $1,000 today, $5,000 in one year and $1,000 in two years in an

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To calculate the future account balance we can consider each deposit as a ... View the full answer

Personal Finance

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