What is the future worth of each given series of payments? (a) $6,000 at the end of
Question:
What is the future worth of each given series of payments?
(a) $6,000 at the end of each year for six years at 6% compounded annually.
(b) $8,000 at the end of each year for nine years at 7.25% compounded annually.
(c) $15,000 at the end of each year for 25 years at 8% compounded annually.
(d) $3,000 at the end of each year for 10 years at 9.75% compounded annually.
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