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.
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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.
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