16. You deposit $2,000 at the end of year 2 (i.e., in 2 years)


Question Description:

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16. You deposit $2,000 at the end of year 2 (i.e., in 2 years) and then $3,000 at the end of year 4. What will you have at the end of year 7 if you can earn 5% per year on the investment? SHOW all work using TVM buttons on the TI BAII Plus Calculator. ***** If you dont have the calculator dont worry about it the answer would still be great.

Answer

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