Jorgen Grace made deposits of $250 at the end of each year for 12 years. The rate received was 6% annually. What is the value of the investment after 12 years? Multiple Choice $4,200 $3,000 $4,217.48 $2,028
Jorgen Grace made deposits of $250 at the end of each year for 12 years. The rate received was 6% annually. What is the value of the investment after 12 years? Multiple Choice $4,200 $3,000 $4,217.48 $2,028
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 9PROB
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