In case you deposit $1,500 every year for 15 years in a savings account that earns 15% compounded yearly. What is the future value of this series in year 15? Suppose the payments are made at the beginning of the period. 43,827.92 O 39,843.56 O 82,076.21 O 55,919.57
In case you deposit $1,500 every year for 15 years in a savings account that earns 15% compounded yearly. What is the future value of this series in year 15? Suppose the payments are made at the beginning of the period. 43,827.92 O 39,843.56 O 82,076.21 O 55,919.57
Chapter1: Making Economics Decisions
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![QUESTION 6
In case you deposit $1,500 every year for 15 years in a savings account that earns 15% compounded yearly. What is
the future value of this series in year 15? Suppose the payments are made at the beginning of the period.
O43,827.92
O 39,843.56
O 82,076.21
O 55,919.57](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcdda1c94-339a-41f4-afd1-4bb58f9ec083%2F48816213-fe71-4201-af96-9dea7738b040%2Fujfmdec_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 6
In case you deposit $1,500 every year for 15 years in a savings account that earns 15% compounded yearly. What is
the future value of this series in year 15? Suppose the payments are made at the beginning of the period.
O43,827.92
O 39,843.56
O 82,076.21
O 55,919.57
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