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3) Jim invests $7,000, the first payment is 1/1/21, one year from today (1/1/20) at the end of each period. What is his balance on
3) Jim invests $7,000, the first payment is 1/1/21, one year from today (1/1/20) at the end of each period. What is his balance on 1/1/27, the day of his last payment. The interest rate is 10%. There are eight payments. 4) Same as in #3, but first payment is on 1/1/20, today. What is his balance on 1/1/27? There are eight payments
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