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?A company plans to make four annual deposits of $ 4 , 2 5 0 ?each to a special building fund. The fund's assets will
?A company plans to make four annual deposits of $ ?each to a special building fund. The fund's assets will be invested in
mortgage instruments expected to pay interest at ?on the fund's balance.
Note: Use tables, Excel, or a financial calculator. FV of $ ?PV of $ ?FVA of $ ?PVA of $ ?FVAD of $ ?and PVAD of $
Required:
Determine how much will be accumulated in the fund after four years under each of the following situations:
The $ ?annual deposit are made at the end of each of the four years and interest is compounded annually.
The $ ?annual deposit are made at the beginning of each of the four years and interest is compounded annually.
The $ ?annual deposit are made at the beginning of each of the four years and interest is compounded quarterly.
The $ ?annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest
earned is withdrawn at the end of each year.
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The $ ?annual deposits are made at the beginning of each of the four years and interest is compounded quarterly
Note: Round your final answers to nearest whole dollar amount.
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