7. If you deposit $5,000 at the end of each of the next 20 years into an account paying 10.8 percent interest, how much money will you have in the account in 20 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value $ How much will you have if you make deposits for 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value $
7. If you deposit $5,000 at the end of each of the next 20 years into an account paying 10.8 percent interest, how much money will you have in the account in 20 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value $ How much will you have if you make deposits for 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value $
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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7. If you deposit $5,000 at the end of each of the next 20 years into an account paying 10.8 percent interest, how much money will you have in the account in 20 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
|
$ |
How much will you have if you make deposits for 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Future value |
$ |
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