1. Other
  2. Other
  3. in 4 years steven plans to deposit 3000 and another...

Question: in 4 years steven plans to deposit 3000 and another...

Question details

In 4 years Steven plans to deposit $3000 and another $1500 6 years from now. If money is worth j12 = 4%, calculate an equivalent single amount at the end of 5 years (from today).

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution