Dr. Sisters has been secretly depositing $2,300 in her savings account every December starting in 2001. Her account earns 10 percent compounded annually. How much did she have in December 2015? (Assume a deposit is made in the last year) Make sure to carefully count the years. Use Appendix C. (Round "FV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.) Future value
Dr. Sisters has been secretly depositing $2,300 in her savings account every December starting in 2001. Her account earns 10 percent compounded annually. How much did she have in December 2015? (Assume a deposit is made in the last year) Make sure to carefully count the years. Use Appendix C. (Round "FV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.) Future value
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:Dr. Sisters has been secretly depositing $2,300 in her savings account every December starting in 2001. Her account earns 10 percent
compounded annually.
How much did she have in December 2015? (Assume a deposit is made in the last year) Make sure to carefully count the years. Use
Appendix C. (Round "FV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.)
Future value
CI
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