You will deposit $1500 per year for 15 years into an account that earns 4%....
50.1K
Verified Solution
Link Copied!
Question
Accounting
You will deposit $1500 per year for 15 years into an account that earns 4%. The first deposit will be made in 5 year from now. How much will be in the account when you finish the deposit?
30035.38 26972.70 28695.12 25511.27 270011.14
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: Zin AI - Your personal assistant for all your inquiries!