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An individual is planning to set-up an education fund for his grandchildren He plans to invest $13,500 annually at the end of each year He

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An individual is planning to set-up an education fund for his grandchildren He plans to invest $13,500 annually at the end of each year He expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 7%. What will be the total value of the fund at the end of 9 years? (PV of $1. FV of $1. PVA of S1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Hao made a single investment which after 4 years invested at 12% compounded semiannually, has accumulated to $225,900. How much did Hao invest initially? (PV of $1. FV of $1. PVA of S1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Jackson has a loan that requires a $16,800 lump sum payment at the end of four years. The interest rate on the loan is 5% compounded annually. How much did Jackson borrow today? (PV of $1. FV of $1. PVA of $1 and EVA of S1) (Use oppropriate foctor(s) from the tables provided.)

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