Assume you deposited $1000 in a bank that offered 10% annual interest rate. If you kept your money for 5 years how much money you would have in the 5th year?
Assume you deposited $1000 in a bank that offered 10% annual interest rate. If you kept your money for 5 years how much money you would have in the 5th year?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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Assume you deposited $1000 in a bank that offered 10% annual interest rate. If you kept your money for 5 years how much money you would have in the 5th year?
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