You will be making a series of cash deposits into a bank account over the next three
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Question:
You will be making a series of cash deposits into a bank account over the next three years with the following amounts at the beginning of each year:
Year 1; 1000
Year 2; 1,000
Year 3; 2000
Assuming a constant annual interest rate of 5% calculate the total amount of money that will be in your bank account at the end of year 3.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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