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

Question

asked Aug 2, 2023 176k views

1 Answer

Vikasmk · Answer 1 · 2023-08-08T01:09:27+0000

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.