What will be the final balance at the end of year 23 if you make a deposit of 88,000 at the end of year 4, 35,000 at the end year 8 and 11,000 at year 14 if the savings account pays 6.4 % per period?
What will be the final balance at the end of year 23 if you make a deposit of 88,000 at the end of year 4, 35,000 at the end year 8 and 11,000 at year 14 if the savings account pays 6.4 % per period?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 4QTD
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What will be the final balance at the end of year 23 if you make a deposit of 88,000 at the end of year 4, 35,000 at the end year 8 and 11,000 at year 14 if the savings account pays 6.4 % per period?
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