Leon wants to save a classic car so he deposits $1500 at the end of the years into a savings account that pays her 6% compounded annually. What are those deposits worth at the end of 5 years ?
Leon wants to save a classic car so he deposits $1500 at the end of the years into a savings account that pays her 6% compounded annually. What are those deposits worth at the end of 5 years ?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Leon wants to save a classic car so he deposits $1500 at the end of the years into a savings account that pays her 6% compounded annually. What are those deposits worth at the end of 5 years ?
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