Future value a person wishes to deposit 10000 per year in a, Ask an Expert

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(Future value) a person wishes to deposit $10,000 per year in a savings account which will generate an interest of 8% per year capitalized annually. suppose that a first deposit is made a the end of the first year and addtional depsoits each addtional yeart .

A) what is the sum at the end of the 10th year?

B) and how much interest generated?

Please explain

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92745428

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