You plan to deposit amounts as shown at the beginning of this year, and at the...
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You plan to deposit amounts as shown at the beginning of this year, and at the beginning of every year until five year from now, into a bank which will give you annual interest. The following table shows your deposits and timing. The interest rate is at the top of the table: 10% Interest Years to wait 0 1 2 3 4 100 100 100 100 100 Cash flow What will be your bank balance at the end of the fifth year (i.e., what is the sum of the future values)? 5 Enter your answer as a number with four decimal places but without the currency symbol, like this: 90.1234 Type your answer... You plan to deposit amounts as shown at the beginning of this year, and at the beginning of every year until five year from now, into a bank which will give you annual interest. The following table shows your deposits and timing. The interest rate is at the top of the table: 10% Interest Years to wait 0 1 2 3 4 100 100 100 100 100 Cash flow What will be your bank balance at the end of the fifth year (i.e., what is the sum of the future values)? 5 Enter your answer as a number with four decimal places but without the currency symbol, like this: 90.1234 Type your answer...
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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