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Answer both questions please. answer correctly please. What is the accumulated sum of the following stream of payments? $17,275 every year at the beginning of
Answer both questions please. answer correctly please.
What is the accumulated sum of the following stream of payments? $17,275 every year at the beginning of the year for 15 years, at 9.85 percent, compounded annually. Round the answer to two decimal places. You have decided to place $588 in equal deposits every month at the beginning of the month into a savings account earning 6.02 percent per year, compounded monthly for the next 13 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal placesStep by Step Solution
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