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Carlyle plans to invest $12,000 per year for the next 5 years at 10% interest. How much will he have at the end of Year 1 for an ordinary annuity
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Carlyle plans to invest $12,000 per year for the next 5 years at 10% interest. How much will he have at the end of Year 1 for an ordinary annuity

User Abhinav
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1 Answer

12 votes

Answer:

$12,000

Step-by-step explanation:

Since she plans to invest by the end of the period, the investment hasn't earned any interest. So it stays the same.

User Vikasmk
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