A sum of $ 2,000 is spent today, $ 500 is spent at the end of each year for 6 years, $ 800 is also spent at the beginning of year 3 and 5. What is the Amount after 6 years, if the interest is 6% ?
A sum of $ 2,000 is spent today, $ 500 is spent at the end of each year for 6 years, $ 800 is also spent at the beginning of year 3 and 5. What is the Amount after 6 years, if the interest is 6% ?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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A sum of $ 2,000 is spent today, $ 500 is spent at the end of each year for 6 years, $ 800 is also spent at the beginning of year 3 and 5. What is the Amount after 6 years, if the interest is 6% ?
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