At the end of five years, how much is an initial $500 deposit followed by five year-end, annual $100 payments worth, assuming a compound annual interest rate of (i) 10 percent? (ii) 5 percent? (iii) 0 percent?
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Answered by
0
Answer:
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Explanation:
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Answered by
1
Answer:
10% 833.62
5% 887.49
0% 1000
Explanation:
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