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Problem 1 Starting with your first salary payment in a month time, you plan to deposit $500 per month in an account earn
Posted: Sun Jun 05, 2022 3:54 pm
by answerhappygod
- Problem 1 Starting With Your First Salary Payment In A Month Time You Plan To Deposit 500 Per Month In An Account Earn 1 (27.92 KiB) Viewed 59 times
Problem 1 Starting with your first salary payment in a month time, you plan to deposit $500 per month in an account earning an annual 8.5 percent interest, compounded monthly 15 years (180 payments). If the average annual inflation rate for these 15 years is predicted to be 6% percent, determine: a. How much will be in your account at the end of 15 years. b. The year-zero value of the accumulated sum at the end of 15 years,