You plan to deposit into your bank account $100 two years from now, $200 three years from now and then to withdraw your full balance at the end of year 4. If you can earn 2% per year, how much woul have in your account by the end of year 4?
You plan to deposit into your bank account $100 two years from now, $200 three years from now and then to withdraw your full balance at the end of year 4. If you can earn 2% per year, how much woul have in your account by the end of year 4?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 16PROB
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