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HW 3A Question 1 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic

HW 3A

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? $19,296 every year at the beginning of the year for 12 years, at 4.54 percent, compounded annually.

Round the answer to two decimal places.

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