Imagine that you deposit \$6,000$6,000 a year, starting one year from today, for four years into a savings account paying 6\%6% per annum. (That is one deposit of \$6,000$6,000 per year.) How much money will you have immediately after you make your fourth and final deposit?

Imagine that you deposit \$6,000$6,000 a year, starting one year from today, for four years into a savings account paying 6\%6% per annum. (That is one deposit of \$6,000$6,000 per year.) How much money will you have immediately after you make your fourth and final deposit?

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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Imagine that you deposit \$6,000$6,000 a year, starting one year from today, for four years into a savings account paying 6\%6% per annum.

(That is one deposit of \$6,000$6,000 per year.)

How much money will you have immediately after you make your fourth and final deposit?

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