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13- If you are able to save $25000 in year 1, and amounts decreasing by 3% each year through year 15, the amount you will have at the end of year 15 at 12% per year interest is closest to: A. $63,810 B. $103.250 C. S166,667 D. $227,273 E. Over $410,000 F All choices are incorrect

13- If you are able to save $25000 in year 1, and amounts decreasing by 3% each year through year 15, the amount you will have at the end of year 15 at 12% per year interest is closest to: A. $63,810 B. $103.250 C. S166,667 D. $227,273 E. Over $410,000 F All choices are incorrect

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dear fak 13- If you are able to save $25000 in year 1. and amounts decreasing by 3% each year through year 15, the amount you will have at the end of year 15 at 12% per year interest is closest to: A. $63,810 B. $103,250 C. S166,667 D. $227,273 E. Over $410,000 F. All choices are incorrect Yogy
Transcribed Image Text:Dear fak 13- If you are able to save $25000 in year 1. and amounts decreasing by 3% each year through year 15, the amount you will have at the end of year 15 at 12% per year interest is closest to: A. $63,810 B. $103,250 C. S166,667 D. $227,273 E. Over $410,000 F. All choices are incorrect Yogy
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