7. If you deposit $5,000 at the end of each of the next 20 years into an account paying 10.8 percent interest, how much money will you have in the account in 20 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value $ How much will you have if you make deposits for 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value $

7. If you deposit $5,000 at the end of each of the next 20 years into an account paying 10.8 percent interest, how much money will you have in the account in 20 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value $ How much will you have if you make deposits for 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value $

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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