What is the future worth of a series of equal year-end deposits of $3,000 for 15 years
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What is the future worth of a series of equal year-end deposits of $3,000 for 15 years in a savings account that earns 9% annual interest if the following were true?
(a) All deposits are made at the end of each year?
(b) All deposits are made at the beginning of each year?
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Rashul Chutani
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