#4: Assume $300 is deposited every three years into an account earning an annual effective interest...

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#4: Assume $300 is deposited every three years into an account earning an annual effective interest rate of 7%. Calculate the amount of money in the account just after the 10th payment is made. #5. Calculate the present value of a sequence of payments of $1000 made at the beginning of every four year period for a total of six payments. Assume d(7) = 4.5% . #4: Assume $300 is deposited every three years into an account earning an annual effective interest rate of 7%. Calculate the amount of money in the account just after the 10th payment is made. #5. Calculate the present value of a sequence of payments of $1000 made at the beginning of every four year period for a total of six payments. Assume d(7) = 4.5% .

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For problem 4 To calculate the amount of money in the account just after the 10th payment is made we ... View the full answer