Question:1. You have a sub-contracting job with a local manufacturing
firm. You receive end-of-year payments of...
Question
1. You have a sub-contracting job with a local manufacturing
firm. You receive end-of-year payments of...
1. You have a sub-contracting job with a local manufacturing
firm. You receive end-of-year payments of $30,000/year for next 15
years. You deposit all that money in a bank that pays interest at
9.5%.
(a) What will be your balance at the end of 15 years?