Question: What is the difference in future value between savings in which $3,000 is deposited each year at the beginning of the period and the same
What is the difference in future value between savings in which $3,000 is deposited each year at the beginning of the period and the same amount deposited at the end of the period? Assume an interest rate of 8 percent and that both are due at the end of 19 years.
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