Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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Question
.- A person makes the following deposits in his savings account:
a) ¢ 200 per year for 5 years.
b) ¢ 1,500 every 5 years for 15 years.
c) ¢ 250, ¢ 375 and ¢ 100 in years 7, 11, 12 respectively.
If the interest rate is 6%, determine:
a) How much will you have saved at the end of 15 years.
b) The present value of these deposits.
c) The uniform annual series.
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