You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5% interest. Under these assumptions, how much will you have 3 years from today? Round-off answer to 2 decimal values.
You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5% interest. Under these assumptions, how much will you have 3 years from today? Round-off answer to 2 decimal values.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 5CE
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You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5% interest. Under these assumptions, how much will you have 3 years from today? Round-off answer to 2 decimal values. *
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