t is now the beginning of the year. Assume that, starting at the end of the year, you will make deposits of $822 each year into a savings account. You will make a total of 4 annual deposits. If the avings account interest rate is 15%, how much money will you have at the end of year 4? (In other words, what is the future value of this annuity?) inter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. hat means, for example, that if your answer is $127.5678, you must enter 127.57

t is now the beginning of the year. Assume that, starting at the end of the year, you will make deposits of $822 each year into a savings account. You will make a total of 4 annual deposits. If the avings account interest rate is 15%, how much money will you have at the end of year 4? (In other words, what is the future value of this annuity?) inter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. hat means, for example, that if your answer is $127.5678, you must enter 127.57

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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