FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Sam invests $100 each month into his retirement account.  He wants to determine how much will accumulate in his retirement account if he invests for the next 10 years if he can get a 6% return.  How would he do this?
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This is a future value of an annuity with a .5% interest rate and 120 payments
This is a future value of $1 with an interest rate of 6% and 10 time periods.
This is a future value of $1 with an interest rate of .5% and 120 time periods.
This is a future value of an annuity with a 6% interest rate and 10 payments
 
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