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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text: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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