Eight equal deposits of $1,000 are made at the end of each year into a fund paying

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Eight equal deposits of $1,000 are made at the end of each year into a fund paying 8 percent per year.

a. What is the present worth 1 year before the first deposit?

b. What is the future worth immediately after the last deposit?

c. What is the future worth 3 years after the last deposit?

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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Question Posted: Mar 26, 2024 01:01 AM

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Eight equal deposits of $1,000 are made at the end of each year into a fund paying

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To solve these problems we can use the formulas for the present value PV and future value FV of an a...View the full answer

Principles Of Engineering Economic Analysis

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