Homework Answers
Salem deposits 20,000 Dhs at time 0 then deposits 10,000 Dhs every year starting from the end of year 1.
At the end of 5 years the account balance will be equal to
FV = 20,000(F/P,10%,5) + 10,000(F/A,10%,5)
Future value of first deposit at year 5
P(F/P,10%,5)
Option 3.
This is for first deposit that is 20,000 Dhs.
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