How much will be in the account when you remember it

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Question: What if, instead, you are simply paid $54,000 at the end of each year. Every year, you deposit your entire salary into an account earning 6% interest. After working for 7 years, you quit working, but also forget about your account. How much will be in the account when you remember it, 10 years from when you quit? Draw a cash flow diagram.

Reference no: EM133363809

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