Question
You deposit SEK 2,000 in a bank account at the beginning of each year for 10 years.
What is the amount just after the tenth deposit if the interest rate has always been 3%?
(2000*(1.03^10−1))/1.03=
(2000*0.343)/0.03=
686/0.03=22866kr
Would that be right?
What is the amount just after the tenth deposit if the interest rate has always been 3%?
(2000*(1.03^10−1))/1.03=
(2000*0.343)/0.03=
686/0.03=22866kr
Would that be right?