International Financial Management (mindtap Course List)
14th Edition
ISBN: 9780357130544
Author: Jeff Madura
Publisher: Cengage Learning
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You invest $1,000 a year for 10 years at 6 percent and then invest $2,000 a year for an additional 10 years at 6 percent. How much will you have accumulated at the end of the 20 years?
Answer: $49,967
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