You want to buy a new ski boat 2 years from now, and you plan to save $7,300 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 2nd deposit, 2 years from now? a. $14,979.60 b. $23,058.54 c. $8,122.81 d. $15,758.54 e. $15, 359.20

You want to buy a new ski boat 2 years from now, and you plan to save $7,300 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 2nd deposit, 2 years from now? a. $14,979.60 b. $23,058.54 c. $8,122.81 d. $15,758.54 e. $15, 359.20

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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