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What will be the value of these deposits 12 years later if earning 9% APR compounded annually?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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An investor plans to make an annual deposit of $2000 per year, with the first deposit is one-year from today. What will be the value of these deposits 12 years later if earning 9% APR compounded annually?

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