How much money would be accumulated 18 years from now from deposits of $17,000 per...

50.1K

Verified Solution

Question

Finance

How much money would be accumulated 18 years from now from deposits of $17,000 per year for 5 consecutive years, starting 5 years from now, if the interest rate is 9% per year. The amount that would be accumulated is determined to be $____

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students