You plan to deposit amounts as shown at the endof this year, and at the...
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You plan to deposit amounts as shown at the endof this year, and at the end of every year until five year from now, into a bank which will give you annual interest. The following table shows your deposits and timing. The interest rate is at the top of the table:
10% Interest Years to wait 0 1 2 3 4 5 Cash flow 125 136 166 178 209
What will be your bank balance at the end of the fifth year (i.e., what is the sum of the future values)?
Enter your answer as a number with four decimal places but without the currency symbol, like this: 90.1234
You plan to deposit amounts as shown at the endof this year, and at the end of every year until five year from now, into a bank which will give you annual interest. The following table shows your deposits and timing. The interest rate is at the top of the table:
| 10% | Interest | |||||
| Years to wait | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash flow | 125 | 136 | 166 | 178 | 209 |
What will be your bank balance at the end of the fifth year (i.e., what is the sum of the future values)?
Enter your answer as a number with four decimal places but without the currency symbol, like this: 90.1234
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