Description
Tom plans to deposit $3500 into his savings account for each of the next 5 years and then $2000 per year for 5 years after that (all at year end) He anticipates interest rates to be 6% for the next 3 years and then 9% then after. How much will he have in account after 10 years?
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Hi, attached is the excel file containing detailed solution of your problem - Finance-Tom deposits.xlsx
Answer is - $37805
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