Solution-Will you have enough money at the end of the fifth

Will you have enough money at the end of the fifth year

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Question - You want to buy a new car in five years. You want to have saved $30,000 by then. You can invest $5,000 at the end of each of the next five years at an interest rate of 6% compounded annually. Will you have enough money at the end of the fifth year?

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Will you have enough money at the end of the fifth year

Reference no: EM133075670

Reference no: EM133075670

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