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28 Sep 2019
What is the future value at the end of year 10 of a series of 8 deposits? The first deposit occurs at the end of year 3 and is $400. The remaining deposits increase by $100/year (so the last deposit will be $1100 and will occur at the end of year 10). Assume i = 12% annual rate compounded annually.
Please show all work and formulas used.
What is the future value at the end of year 10 of a series of 8 deposits? The first deposit occurs at the end of year 3 and is $400. The remaining deposits increase by $100/year (so the last deposit will be $1100 and will occur at the end of year 10). Assume i = 12% annual rate compounded annually.
Please show all work and formulas used.
Chika IlonahLv10
28 Sep 2019
