If you make annual deposits of 1 600 per year for twelve, Financial Management

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If you make annual deposits of 1 600 per year for twelve

If you make annual deposits of $1, 600 per year for twelve years, beginning one year from today, how much will you have 12 years from today if the account pays you 9% annual interest?

Consider the cash flows in the above problem. How much will you have in the account 16 years from today? The interest raters still 9% per year and note the there are no deposits made in years 13 through 16.

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Financial Management: If you make annual deposits of 1 600 per year for twelve

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