Question
Annual deposits of$600 are made at the end of each year for 24 years in a fund that pays 7% in the first 8 years,
Annual deposits of$600 are made at the end of each year for 24 years in a fund that pays 7% in the first 8 years, 8% in the next 8 years, and 6% in the last 8 years.
Find the AV of these deposits at the end of 24 years.
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
