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20,000 6.0% Annual payment Interest rate Number of years Total value 3. You met a financial adviser and decided to start a savings plan. This
20,000 6.0% Annual payment Interest rate Number of years Total value 3. You met a financial adviser and decided to start a savings plan. This plan requires you a deposit of $20,000 at the beginning of each year for the next 7 years. The promissed interest rate is 6%. Build an accumulation table and show how much you will earn by the end of year 7 (2 poin Show the formulas in the orange section referencing the cells in turquoise. Make the calculations in the turquoise cells. Year Accumulation at begining of year Annual interest Payment at beginning of year 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000
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