Mai Tran plans to set aside $2,400 a year for the next six years, earning 4 percent.

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Mai Tran plans to set aside $2,400 a year for the next six years, earning 4 percent. What would be the future value of this savings amount?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 10, 2023 10:02 PM

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Mai Tran plans to set aside $2,400 a year for the next six years, earning 4 percent.

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To calculate the future value of a series of equal cash flows in this case 2400 per year with a ...View the full answer

Personal Finance

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