Problemsuppose you deposit 2600 into a bank account at the, Ask an Expert

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Problem:

Suppose you deposit $2,600 into a bank account at the beginning of every year with the first deposit made today (on 1/21/2015). The bank account has a nominal annual interest rate of 6 percent and interest is compounded annually.

Find out:

How much will you have in the account (FV6) at the end of 6 years?

Please provide all calculation and formulas.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91145687

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