Suppose you are planning to save BDT 2,000 at the beginning of each of the next 10 years with 12% interest rate which will be compounded annually. What will be the approximate amount you can save at the end of 10 years?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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Suppose you are planning to
3 polnts
save BDT 2,000 at the
beginning of each of the next
10 years with 12% interest rate
which will be compounded
annually. What will be the
approximate amount you can
save at the end of 10 years?
O TK. 35,097.47
O Tk. 26,361.59
O TK. 39,309.17
O Tk. 37,560.47
Transcribed Image Text:Suppose you are planning to 3 polnts save BDT 2,000 at the beginning of each of the next 10 years with 12% interest rate which will be compounded annually. What will be the approximate amount you can save at the end of 10 years? O TK. 35,097.47 O Tk. 26,361.59 O TK. 39,309.17 O Tk. 37,560.47
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