ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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"If you invest $2,000 every year in an account that
pays 7% APR, compounded daily, how much will
you have in the account at the end of 17 years?
Assume you make the first deposit exactly one
year from now, and you make a total of 17
deposits."
Show all work.
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Transcribed Image Text:"If you invest $2,000 every year in an account that pays 7% APR, compounded daily, how much will you have in the account at the end of 17 years? Assume you make the first deposit exactly one year from now, and you make a total of 17 deposits." Show all work.
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