Debra made annual payments of $3300 into a fund for 7 years. The fund earned j...
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Debra made annual payments of $3300 into a fund for 7 years. The fund earned j₁ = 2.5% for the first 5 years and j₁ = 5.75% afterwards. What is the value of the fund 8 years after the last deposit? Answer: $ Debra made annual payments of $3300 into a fund for 7 years. The fund earned j₁ = 2.5% for the first 5 years and j₁ = 5.75% afterwards. What is the value of the fund 8 years after the last deposit? Answer: $
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To calculate the value of the fund 8 years after the last deposit we need to calculate the future va... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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