You deposit $5000 at end of each year for 10 years. assume you are earning 8.88% per year for the entire problem. after 10 years

Question

4 years ago

10

You deposit $5000 at end of each year for 10 years. assume you are earning 8.88% per year for the entire problem. after 10 years

of making these deposits, you keep the money in the bank, still earning 8.88%. how many years (after you made the last deposit will it take for your money to grow to $534,480?

Business

1 answer:

yan [13] · Answer 1 · 2022-01-17T11:43:01+03:00

yan [13]4 years ago

8 0

I say around 15-25 yrs but really i am not sure just being honest