33- A citizen annually deposits the amount of R$1,000.00 at the end of each calendar year, in a bank that pays compound interest of 10% p.a. What will be this investor's credit balance immediately before his fourth annual deposit is made?

33- A citizen annually deposits the amount of R$1,000.00 at the end of each calendar year, in a bank that pays compound interest of 10% p.a. What will be this investor's credit balance immediately before his fourth annual deposit is made?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 16PROB

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