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You want to save your money for a down-payment on a home in ten years. You currently have $5,000 invested today at a 5% rate compounded annually.

You plan to deposit $1000 at the end of each year for ten years. What is the maximum amount you will have at the end of ten years?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92822339

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