Future Value Computation You deposit $4,500 at the end of every year for 3 years. How much will accumulate in 3 years if you earn 8% compounded annually? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. $Answer

Future Value Computation You deposit $4,500 at the end of every year for 3 years. How much will accumulate in 3 years if you earn 8% compounded annually? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. $Answer

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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Question

Future Value Computation

You deposit $4,500 at the end of every year for 3 years. How much will accumulate in 3 years if you earn 8% compounded annually?
Use Excel or a financial calculator for computation. Round your answer to nearest dollar.

$Answer

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