Youplan to deposit $1,000 each year intoan account that earns 12%, compounded annually.You will do this for
Fantastic news! We've Found the answer you've been seeking!
Question:
You plan to deposit $1,000 each year into an account that earns 12%, compounded annually. You will do this for the next 7 years, but then leave the money in the account.
a. How much will you have in 7 years?
b. How much will you have in 10 years?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: