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4 years ago

9

You want to buy a jet ski 5 years from now, and you plan to save $600 per year, beginning today. you will deposit your savings i

n an account that pays 8% interest. how much will you have 5 years from now?

1 answer:

Snowcat [4.5K]4 years ago

6 0

600(1+0.08/5)^5=649560.3
The valur of Rs 600will decline to 649560.3in 5 years interest is 8%

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