Leon Inc. will deposit $53,700 in a 15% fund at the end of each year for 10 years beginning December 31, 2020. Click here to view factor tables What amount will be in the fund immediately after the last deposit? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to 0 decimal places, eg. 458,581.) Amount in fund %24
Leon Inc. will deposit $53,700 in a 15% fund at the end of each year for 10 years beginning December 31, 2020. Click here to view factor tables What amount will be in the fund immediately after the last deposit? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to 0 decimal places, eg. 458,581.) Amount in fund %24
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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![Leon Inc. will deposit $53,700 in a 15% fund at the end of each year for 10 years beginning December 31, 2020.
Click here to view factor tables
What amount will be in the fund immediately after the last deposit? (Round factor values to 5 decimal places, e.g. 1.25124 and final
answers to O decimal places, eg. 458,581.)
Amount in fund
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F55d7d476-142a-464a-9a3c-33461276aa85%2F064737a1-5ece-480a-9502-fe77b76937a1%2Fdm6ciw9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Leon Inc. will deposit $53,700 in a 15% fund at the end of each year for 10 years beginning December 31, 2020.
Click here to view factor tables
What amount will be in the fund immediately after the last deposit? (Round factor values to 5 decimal places, e.g. 1.25124 and final
answers to O decimal places, eg. 458,581.)
Amount in fund
%24
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