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Mr. James deposits $450,000 at the end of each year for 10 years. What will be the value of his money at the end of 10 years at (a) 9%, (b) 10% and (c) 12%?

Mr. James deposits $450,000 at the end of each year for 10 years. What will be the value of his money at the end of 10 years at (a) 9%, (b) 10% and (c) 12%?
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Mr. James deposits $450,000 at the end of each year for 10 years. What will be the value of his money at the end of 10 years at (a) 9%, (b) 10% and (c) 12%?

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User Achilleus
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8.2k points

1 Answer

2 votes

A. 405,000

B. 450,000

C. 540,000

answered
User Townsfolk
by
8.3k points
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