A person likes to deposit (800cu) fyfor (40) years. He likes to deposit the amount atthe end of the first year and than after hewishes to deposit the amount with an annualincrease of (500CU) for the rest (9 Years) withinterest of (15%) compounded annuallyFind the total amound at the end of the 10th youranof the above.rate of

Future value of the annuity includes the amount of deposit done and amount of interest accumulated…

A person likes to deposit (800 cu) f/ for (46)years. He likes to deposit the amount a the end of the first year and than after he wishes to deposit the amound with an annual increase of (500CU) for the rest (9 Years) with an interest of (15%) compounded annually. rate of

A person likes to deposit (800 cu) f/ for (46)years. He likes to deposit the amount a the end of the first year and than after he wishes to deposit the amound with an annual increase of (500CU) for the rest (9 Years) with an interest of (15%) compounded annually. rate of

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 12E

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Question

A person likes to deposit (800cu) fy
for (40) years. He likes to deposit the amount at
the end of the first year and than after he
wishes to deposit the amount with an annual
increase of (500CU) for the rest (9 Years) with
interest of (15%) compounded annually
Find the total amound at the end of the 10th your
an
of the above.
rate of

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