You make $9,000 annual deposits for the next 9 years into a savings account that earns 10.21% yearly. How large will your savings account be at the end of the 9 years? O $ 123,650 O$ 123,900 O $ 124,100 O $123,300

You make $9,000 annual deposits for the next 9 years into a savings account that earns 10.21% yearly. How large will your savings account be at the end of the 9 years? O $ 123,650 O$ 123,900 O $ 124,100 O $123,300

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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Question

You make $ 9,000 annual deposits for the next 9 years into a savings account that earns 10.21%
yearly. How large will your savings account be at the end of the 9 years?
O $ 123,650
O$123,900
O $ 124,100
O $123,300

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