At an interest rate of 10% per year, annual deposits of $1,000 in years one through...

Question

Question

At an interest rate of 10% per year, annual deposits of $1,000 in years one through ten would accumulate to how much ?

Answer 1

Answer #1

Answer

the future value is $15937.42

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Explanation: To find the future value we use following formula Where, FV Future Value OR Amount at time n A - Regular Withdra

Answer 2

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