Introduction to Finance

label Business
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

 You deposit $1,900 at the end of each year into an account paying 10.1 percent interest.

(a) How much money will you have in the account in 24 years?

(b) How much will you have if you make deposits for 48 years?

Oct 23rd, 2017

Future value = -fv(0.101,24,1900) = $170,565.4= $170,565

Future value = -fv(0.101,48,1900) = $1,887,629.86 = $1,887,630


Feb 16th, 2015

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Oct 23rd, 2017
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Oct 23rd, 2017
Oct 23rd, 2017
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