You plan to deposit $3,000 at the end of each year for three years, starting with the first deposit today. If the account pays 9%, how much will you have at the end of year 3? 3885 10,124 10,719
You plan to deposit $3,000 at the end of each year for three years, starting with the first deposit today. If the account pays 9%, how much will you have at the end of year 3? 3885 10,124 10,719
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Question
You plan to deposit $3,000 at the end of each year for three years, starting with the first deposit today. If the account pays 9%, how much will you have at the end of year 3?
3885 |
||
10,124 |
||
10,719 |
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