You plan to deposit 1000 at the end of each year for ten, Financial Management

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You plan to deposit 1000 at the end of each year for ten

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You want to save your money for a down-payment on a home in ten years. You currently have $5,000 invested today at a 5% rate compounded annually. You plan to deposit $1000 at the end of each year for ten years. What is the maximum amount you will have at the end of ten years?

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Financial Management: You plan to deposit 1000 at the end of each year for ten

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Financial Management: You plan to deposit 1000 at the end of each year for ten

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