You plan to deposit $5,600 at the end of each of the next 20 years into an account paying 10.8 percent interest. How much will you have in your account if you make deposits for 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.., 32.16.) b. How much will you have if you make deposits for 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) а. a. Future value of 20 deposits b. Future value of 40 deposits

You plan to deposit $5,600 at the end of each of the next 20 years into an account paying 10.8 percent interest. How much will you have in your account if you make deposits for 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.., 32.16.) b. How much will you have if you make deposits for 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) а. a. Future value of 20 deposits b. Future value of 40 deposits

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 24P

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