ing $5.000 monthly deposits into a fund that pays inte rest at a rate of 6% compounded momhly. What would be the balance at the end of 15 years? Pls make a cashflow diagram. (a) $1,063,879 (b) $1.358.169 ( c) $ 1,452,053

ing $5.000 monthly deposits into a fund that pays inte rest at a rate of 6% compounded momhly. What would be the balance at the end of 15 years? Pls make a cashflow diagram. (a) $1,063,879 (b) $1.358.169 ( c) $ 1,452,053

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 23E: Assume that an investment of 100,000 produces a net cash flow of 60,000 per year for two years. The...

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Question

You arc making $5.000 monthly deposits into a fund that pays inte rest at a rate of 6% compounded momhly. What would be the balance at the end of 15 years? Pls make a cashflow diagram.
(a) $1,063,879
(b) $1.358.169
( c) $ 1,452,053
(cl) $1.459,423

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