Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2,
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Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of year 3, and $1,300 at the end of year 4. Assuming that these amounts will be compounded at an annual rate of 15 percent, how much will you have on deposit at the end of five years?
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End of Year Amount Deposited FVniPVPMT Future Value 1 2500 FV4 yrs 9250...View the full answer
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Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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