Considering a savings plan that calls for a deposit

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Reference no: EM131065084

You are considering a savings plan that calls for a deposit of $15,000 at the end of each of the next five years. If the plan offers an interest rate of 10 percent, how much will you accumulate at the end of 5?

Redo the previous calculation, this time assuming that you make five deposits at the beginning of this year and the following four years. How much will you accumulate by the end of year 5?

Reference no: EM131065084

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