You want to save money for 15 years. The interest rates are currently at 6% p.a. You

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You want to save money for 15 years. The interest rates are currently at 6% p.a. You plan to start saving 2,400 euros by the end of each year. You will increase this amount every year by 240 euros (i.e., the first increase at the end of year 2).

Please calculate:

a. Final value of your savings plan?

b. Value of the last annuity you will deposit?

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Oct 20, 2023 01:26 AM

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You want to save money for 15 years. The interest rates are currently at 6% p.a. You

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Personal Finance Turning Money into Wealth

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