Question: Exercise-2 Find the Future amount over 9 years if a given i=15% per year: Year 1 2 3 4 5 6 7 Payment $ 50

Exercise-2 Find the Future amount over 9 years if a given

Exercise-2 Find the Future amount over 9 years if a given i=15% per year: Year 1 2 3 4 5 6 7 Payment $ 50 100 100 100 150 150 150 8 150 9 200 Using: (1) Brute Force Method (2) Grouped Method What is the lump-sum equivalence at n=5? Comment on your result

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