1. Five years from now Mary will deposit $1,000 into a savings fund for her daughter Margaret....
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Question:
1. Five years from now Mary will deposit $1,000 into a savings fund for her daughter Margaret. Each year she will make an additional $1,000 deposit. The last deposit will be twenty years from now.
a) How much will accumulate into the savings fund by the time the last deposit is made?
b) What is the present value of the cash flows today?
2. What is the value at the end of the 12th year of $100,000 that is invested at the beginning of the 5th year?
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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