
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
You plan on saving $15,200 this year, nothing next year, and $17,500 the three years after that.
You will deposit these amounts into your investment account at the end of each year. What will
your investment account be worth at the end of year six (six years from now) if you can earn 15
percent on your funds?
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