suppose you deposit 10000 per year into an account that earns 74 pa the first deposit is made ex

Name: suppose you deposit 10000 per year into an account that earns 74 pa the first deposit is made exactly one year from today in 12 years after 12 deposits have been made there will be in the account 1 18
Uploaded: 2023-12-09T19:32:19-08:00
Duration: 2 min 26 s
Channel: Julie Silva
Description: suppose you deposit 10000 per year into an account that earns 74 pa the first deposit is made exactly one year from today in 12 years after 12 deposits have been made there will be in the account 1 18

Question

Craig West · Accepted Answer

First, we need to understand that this is a problem of future value of an ordinary annuity. An o

Question

Suppose you deposit $10,000 per year into an account that earns 7.4% p.a. The first deposit is made exactly one year from today In 12 years after 12 deposits have been made , there will be $ in the account . 1) 180,140.20 2 ) 188,649.68 3) 182,004.22 4 ) 181,441.69 5 ) 183,152.42

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