Introduction to Finance

Business & Finance
Tutor: None Selected Time limit: 1 Day

 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?

Feb 16th, 2015

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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Feb 16th, 2015
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Feb 16th, 2015
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