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HW 2D Question 1 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic

HW 2D

Question 1

This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.

What is the accumulated sum of the following stream of payments?

$1,045 every year at the end of the year for 7 years at 6.29 percent, compounded annually.

Round the answer to two decimal places.

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