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Assume you make the following investments. a. you invest a lump sum of $7,550 for four years at 14% interest. What is the investments return
Assume you make the following investments.
a. you invest a lump sum of $7,550 for four years at 14% interest. What is the investments return at the end of four years?
b. In a different account earning 14% interest, you invest $1,888 at the end of each year for four years. What is the investment's value at the end of four years.
c. What general rule of thumb explains the difference in the investments future values?
*please show work
1030 01083 041 1 1.138 1151 | tt04 | 1159 1217 | 120-13 | 1461 | 1611 IN. 1sas 2100 | 2268 | 2488 IDE2 112r 1.184 1205 | 134g 149 | 156 1.772 1T4 | 2195 2436 | 2TOG 2 1216 1282 1360 1464 1574 1689 1811 1938 1D83 | tt72 1267 1H0 | 1407 1504 | tasi | 2144 2476 | 2863 3276 | 3751 | 4300 1t94 | 1196 | 1ses 1423 | 1561 1559 | 125 | 23S8 2773 | 3252 | 406 5180 12 1215 1344 1480 129 1791 2108 284 441234.12 Reaen 142 1913 1890 1.833 1783 1338 1T 1.605 15 1528 103681 eTBT 9253 R760 B306 T88? | 7 199| 6495 59 1 453 5009 | 4956 | 4327
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