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I would like to know how to answer this using a Financial Calculator, what are the values? N=, I/Y=, PV=, FV=, PMT=, C/Y=, P/Y=, and
I would like to know how to answer this using a Financial Calculator, what are the values? N=, I/Y=, PV=, FV=, PMT=, C/Y=, P/Y=, and BGN/END.
Steven contributed equal deposits at the end of every month for 2 years into an investment fund. He then decided to stop making payments and left the money in the fund to grow for another 3 years. The fund was earning 3.67\% compounded monthly for the entire period and the accumulated amount at the end of the term was $100,000. a. Calculate the amount in the fund at the end of 2 years. Round to the nearest cent b. Calculate the size of the periodic deposits into the fund. Round to the nearest centStep by Step Solution
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