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Assume you can earn 5% on the investments described below. How much money would each investment provide for you after six years? a. Invest $4,700
Assume you can earn 5% on the investments described below. How much money would each investment provide for you after six years? a. Invest $4,700 as a lump sum today. b. Invest $1,816 at the end of each of the next 6 years. c. Invest a lump sum of $2,404 today and $957 at the end of each of the next 6 years. d. Invest $803 at the end of years 1, 3, and 5. a. If you were to invest $4,700 as a lump sum today, the least you would accept at the end of a 6-year period, FV, is $ (Round to the nearest cent.) b. If you were to invest $1,816 at the end of each of the next 6 years, the least you would accept at the end of a 6-year period, FV, is $ - (Round to the nearest cent.) c. If you were to invest a lump sum of $2,404 today and $957 at the end of each of the next 6 years, the least you would accept at the end of a 6-year period, FV, is $ . (Round to the nearest cent.) d. If you were to invest $803 at the end of years 1, 3, and 5, the least you would accept at the end of a 6-year period, FV, is $ (Round to the nearest cent.)
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