Brief Exercise C-9 Calculate the future value of an annuity (LOC-3) Matt plans to start his...
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Brief Exercise C-9 Calculate the future value of an annuity (LOC-3) Matt plans to start his own business once he graduates from college. He plans to save $3,000 every six months for the next five years. If his savings earn 10% annually (or 5% every six months), determine how much he will save by the end of the fifth year. (FV of $1, PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Total savings $ 93,079.98 Brief Exercise C-9 Calculate the future value of an annuity (LOC-3) Matt plans to start his own business once he graduates from college. He plans to save $3,000 every six months for the next five years. If his savings earn 10% annually (or 5% every six months), determine how much he will save by the end of the fifth year. (FV of $1, PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Total savings $ 93,079.98
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