Compute the future value in year 7 of a $4,000 deposit in year 1, and another $3,500 deposit at the end of year 4 using a 8 percent interest rate. ( do not round intermediate calculations and round your final answer to 2 decimal places.)

Compute the future value in year 7 of a $4,000 deposit in year 1, and another $3,500 deposit at the end of year 4 using a 8 percent interest rate. ( do not round intermediate calculations and round your final answer to 2 decimal places.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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