Answer to Question #178729 in Finance for Arindom

Question #178729

Starting on January 1, 1987, and then on each January 1 until 1996 (10 payments), you will make payments of $1,000 into an investment which yields 10 percent. How much will your investment be worth on December 31 in the year 2006?


1
Expert's answer
2021-04-08T07:18:10-0400



Balance by 31 Dec 2006

nt

10






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