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1.22 Beda wishes to accumulate $3,000 in a fund at the end of 4 years. He makes deposits of $K, $2K, $3K at the beginning
1.22 Beda wishes to accumulate $3,000 in a fund at the end of 4 years. He makes deposits of $K, $2K, $3K at the beginning of years 1, 2 and 3, respectively. Find the value of K if the fund earns (a) simple interest of 5% per year. (b) compound interest of 5% per year. min
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Principles Of Managerial Finance
Authors: Lawrence J Gitman, Chad J Zutter
7th Edition
0133546403, 9780133546408
