You plan to depost $5.300 a paying 10.3 percent interest & How much money will you have in the account in 25 years? Do not round intermediate calculations and round your answer to 2 decimal places. 3216) & How much will you have if you make deposits for 50 years? Do not round intermediate calculations and round your answer to 2 decimal places g.1216) 50

You plan to depost $5.300 a paying 10.3 percent interest & How much money will you have in the account in 25 years? Do not round intermediate calculations and round your answer to 2 decimal places. 3216) & How much will you have if you make deposits for 50 years? Do not round intermediate calculations and round your answer to 2 decimal places g.1216) 50

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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You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
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You plan to deposit $6,000 at the end of each of the next 25 years into an account paying 10.3 percent interest. How much will you have in your account if you make deposits for 25 years? (Do not round Intermedlate calculations and round your answer to 2 declmal places, e.g., 32.16.) b. How much will you have if you make deposits for 50 years? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. a. Future value of 25 deposits b. Future value of 50 deposits K Prev 4 of 30 Next > EA9F9D41-D35...jpeg 8A1B4474-4751...jpeg 8A1B4474-4751...jpeg peg