How much money would be accumulated 12 years from now from deposits of $15,000 per year for 5 consecutive years, starting 4 years from now, if the interest rate is 10% per year.
The amount that would be accumulated is determined to be $ .
Engineering Economy 8th edition Leland Blank Anthony Tarquin
this is the correct answer
and method.
Given The eate = 10% peur year that, int cuest present value pusfittoet ei target Where - (f = cash flow r= interest reale n= time in years So. deposits of $15,000 per year for 5 consecutive years, et ceuting 4 years from now wifen interest rate of 10% per year. IS000 + 1500 (1 +0.1)* (Tro.nje (1+0.1j Pu= 15000 15 000 - CitoJ5 C1+0.16 $9313.81 +84671 10 +$7,697.3+ ++$6997.6 +6361.45 pus $ 38,837.34 future value after 12 years from now fuz Pucitron Liv 2 38,837.34 (1+0.1) = 38,837.34%C11)"2 = 38,857.34 X 3.13 ? $121, 560.87... Accumulated money after 12 years from now is $121,560.85
How much money would be accumulated 12 years from now from deposits of $15,000 per year...
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