You have just started a new job and plan to seve $4,300 per year for 37 years until you retire. You will make your first deposit in one year. How much will you have when you retire if you eam an annual interest rate of 10.84 percent? Multiple Choice $1,687,419.90 None of these correct $1671698 69

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
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You have just started a new job and plan to seve $4,300 per year for 37 years until you retire. You will make your first deposit in one year. How much will
you have when you retire if you eam an annual interest rate of 10.84 percent?
Multiple Choice
$1687419.99
None of these conect
$1071698 69
Transcribed Image Text:You have just started a new job and plan to seve $4,300 per year for 37 years until you retire. You will make your first deposit in one year. How much will you have when you retire if you eam an annual interest rate of 10.84 percent? Multiple Choice $1687419.99 None of these conect $1071698 69
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