Given an interest rate of 8.2% compounded annually, how much would you accumulate if you started with $3,000 and then contributed $4,000 per year (at the end of each year) for 18 years?
Given an interest rate of 8.2% compounded annually, how much would you accumulate if you started with $3,000 and then contributed $4,000 per year (at the end of each year) for 18 years?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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