8) How much will I need to deposit into an account to have $6,500,000 in 10 years earning 5 % compounded annually? 9) Referring to Question 8, What would my total be earning 5% compounded monthly for 12 years after that (without any additional deposits)?
8) How much will I need to deposit into an account to have $6,500,000 in 10 years earning 5 % compounded annually? 9) Referring to Question 8, What would my total be earning 5% compounded monthly for 12 years after that (without any additional deposits)?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 11PROB
Related questions
Question
8) How much will I need to deposit into an account to have $6,500,000 in 10 years earning
5 % compounded annually?
9) Referring to Question 8, What would my total be earning 5% compounded monthly for
12 years after that (without any additional deposits)?
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