You plan to deposit $6,000 at the end of each of the next 25 years Into an account paying 10.3 percent interest. How much will you have in your account if you make deposits for 25 years? (Do not a. round Intermediate calculations and round your answer to 2 declmal places, e.g., 32.16.) b. How much will you have if you make deposits for 50 years? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.)

You plan to deposit $6,000 at the end of each of the next 25 years Into an account paying 10.3 percent interest. How much will you have in your account if you make deposits for 25 years? (Do not a. round Intermediate calculations and round your answer to 2 declmal places, e.g., 32.16.) b. How much will you have if you make deposits for 50 years? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 24P

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