estesedriyonna
estesedriyonna estesedriyonna
  • 19-12-2016
  • Mathematics
contestada

If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find the amount he will have at the end of the 10 years.

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brendanbeh
brendanbeh brendanbeh
  • 19-12-2016
Possibly $56000 or give me one sec for the hard answer,.
Answer Link
dooleyr
dooleyr dooleyr
  • 19-12-2016
N=10
%=12
Prnt=5000
FV=?
P/Y=1
C/Y=1

$57,179.44
Answer Link

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