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Assume that, starting next year, you make annual deposits of $910 into a savings account that pays 4% interest. How much will you have in your account after 6 years? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57

Assume that, starting next year, you make annual deposits of $910 into a savings account that pays 4% interest. How much will you have in your account after 6 years? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57

Essentials Of Investments
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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Assume that, starting next year, you make annual deposits of $910 into a savings account that pays 4% interest. How much will you have in your account after 6 years? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57
Transcribed Image Text:Assume that, starting next year, you make annual deposits of $910 into a savings account that pays 4% interest. How much will you have in your account after 6 years? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57
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