A small business deposits 250000 in a bank account at the, Financial Management

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A small business deposits 250000 in a bank account at the

A small business deposits $ 250,000 in a bank account at the end of every year for 5 years the company makes no deposit during the subsequent 10 years.

If the bank pays 4% interest, how much would be in the account at the end of 15 years?

Draw cash flow

Derive equation and solve

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Financial Management: A small business deposits 250000 in a bank account at the

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Financial Management: A small business deposits 250000 in a bank account at the

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