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Sonbull [250]
3 years ago
14

If Bob deposits $5,000 at the beginning of each year for 10 years in an account paying 12% interest compounded annually, find th

e amount he will have at the end of the 10 years.
a.
$98,272.92
c.
$94,625.32
b.
$98,828.28
d.
$95,876.82
Mathematics
2 answers:
BartSMP [9]3 years ago
5 0

Answer:

A.  $98,272.92

Step-by-step explanation:

Edge2020

Leto [7]3 years ago
3 0

Answer:

A

Step-by-step explanation:

R = $7,500, i = 12% interest compounded semiannually for 3 years ... 12) Payments of $500 made at the beginning of each year for 7 years at 12% ... 15) If Bob deposits $5,000 at the end of each year for 8 years in an account paying 10% ... annually, find the amount he will have on deposit. $ 575.25. N=8. To = 10.

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