a. How much money will you have in the account in 22 years? Future value of 22 deposits b. How much will you have if you make deposits for 44 years? Future value of 44 deposits

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
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You deposit $1,600 at the end of each year into an account paying 10.1 percent interest.
a. How much money will you have in the account in 22 years?
Future value of 22 deposits
b. How much will you have if you make deposits for 44 years?
Future value of 44 deposits
Transcribed Image Text:You deposit $1,600 at the end of each year into an account paying 10.1 percent interest. a. How much money will you have in the account in 22 years? Future value of 22 deposits b. How much will you have if you make deposits for 44 years? Future value of 44 deposits
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