Engineering Economy - Interest rate

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January 29, 2017 - 5:39am
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heatler18j
Engineering Economy - Interest rate

You deposit 1,000 into a 9 percent account today. At the end of two years, you will deposit another 3,000. In five years, you plan a 4,000 purchase. How much is left in the account one year after the purchase?

Anybody can solve this?
Thank you.

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January 30, 2017 - 1:34am
Jhun Vert
Jhun Vert's picture

Similar: http://www.mathalino.com/node/3051

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