if $204 is deposited in a savings account at the beginning of each year for 12 years and the account draws interest at 8.6% per year, compounded annually, the value of the account at the end of 12 years will be?

if $204 is deposited in a savings account at the beginning of each year for 12 years and the account draws interest at 8.6% per year, compounded annually, the value of the account at the end of 12 years will be?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 25P

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