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7. Find the total value of the account at the end of Year 5, assuming that interest is earned at an annual rate of 6%,
| 7. Find the total value of the account at the end of Year 5, assuming that interest is earned at an annual rate of 6%, compounded monthly, and that deposits are made at the END of each year: |
| Year 1 Deposit = $20,000 / Year 2 Deposit = $30,000 / Year 3 Deposit = $35,000 |
| Year 4 Deposit = $40,000 / Year 5 Deposit = $50,000 |
Please answer in excel
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
