You deposit 1000 into an account at the end of each year, Ask an Expert

Economics

You deposit $1,000 into an account at the end of each year starting at the end of year 1. This account earns 7% interest compounded annually. How much money will you have at the end of 8 years? Note: you will make the final deposit into the account at the end of the 8th year.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91529278

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