QUESTION 9 Suppose you will deposit $3,500 every year for the next 25 years in a savings account that earns 3,5% compounded yearly. What is the future value of this series at year 25 if payments are made at the beginning of the period? O 39,843.56 O 97,374.64 O 141,095.86 O 71,590.65
QUESTION 9 Suppose you will deposit $3,500 every year for the next 25 years in a savings account that earns 3,5% compounded yearly. What is the future value of this series at year 25 if payments are made at the beginning of the period? O 39,843.56 O 97,374.64 O 141,095.86 O 71,590.65
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12PROB
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