Future value for account paying compounded annually


Problem:

Suppose you wish to set aside $2,000 at the end of each of the next 10 years in an account paying 12% compounded annually. You accumulate at the end of 10 years an amount closest to what? Also, please provide formula.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Future value for account paying compounded annually
Reference No:- TGS02034569

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)