A person try to buy an apartment five years from now , assuming that the first deposit was ( $ 3000 ) at end of the first year , what is the amount he will accumulated at end of the five years for the following cases : ( interest rate 10 % ) a . Deposition will increase by ( $ 300 ) for the next four years ? B. Deposition will decrease by ( $ 150 ) for the next four years ? 4. A person try to buy an apartment five years from now, assuming that the firstdeposit was ($3000) at end of the first year, what is the amount he willaccumulated at end of the five years for the following cases: (interest rate10%)a. Deposition will increase by ($300) for the next four years?B. Deposition will decrease by ($150) for the next four years?

Accumulated value after 5 years = 3000*(1+i)^4 + 3300*(1+i)^3 + 3600*(1+i)^2 + 3900*(1+i)^1 + 4200…

A person try to buy an apartment five years from now , assuming that the first deposit was ( $ 3000 ) at end of the first year , what is the amount he will accumulated at end of the five years for the following cases : ( interest rate 10 % ) a . Deposition will increase by ( $ 300 ) for the next four years ? B. Deposition will decrease by ( $ 150 ) for the next four years ?

A person try to buy an apartment five years from now , assuming that the first deposit was ( $ 3000 ) at end of the first year , what is the amount he will accumulated at end of the five years for the following cases : ( interest rate 10 % ) a . Deposition will increase by ( $ 300 ) for the next four years ? B. Deposition will decrease by ( $ 150 ) for the next four years ?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 11E

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