Mathematics, 19.03.2020 02:39 Seikoz9907

You open a bank account today with $7,000. You expect to deposit $4,000 at the end of each of the next three years. Interest rates are 8%, compounded annually. How much will you have in your account in three years?•Let’s solve with FV of Annuity Formula and Calculator•N = 3 I/Y = 8 PV = -7,000 PMT = -4,000 FV = ??

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You open a bank account today with $7,000. You expect to deposit $4,000 at the end of each of the ne...