You will receive a stream of $50 payments BEGINNING at the end of year 1 until the final payment at the end of year 5.What amount will you have at the end of year 5 if you can invest all amounts at a 9% interest rate?

Name: You will receive a stream of $50 payments BEGINNING at the end of year 1 until the final payment at the end of year 5.What amount will you have at the end of year 5 if you can invest all amounts at a 9% interest rate?
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Question

Quizplus · Accepted Answer

50 ´ [{(1.09)⁵ - 1}/.09] = 299.24

You Will Receive a Stream of $50 Payments BEGINNING at the End