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if someone could help with these problems step by step it would be awesome, thanks! Use the following table for questions 19 and 20: Periods
if someone could help with these problems step by step it would be awesome, thanks!
Use the following table for questions 19 and 20: Periods | Future Value of $1 at 6% Future Value of an Annuity at 6% 13.18 14.97 16.87 10 1.791 1.898 2.012 12 19. Thomas wants to make a one-time investment into a stock index fund of $2,000 this year. Assuming that this fund generates a 6% interest rate, how much will Thomas have in his account after 12 years? a. $3,582. b. $3,796 c. $4,024 d. $26,360. 20. Thomas wants to make an investment into a stock index fund of $2,000 per year for 12 yea Assuming that this fund generates a 6% interest rate, how much will Thomas have in his account after 12 years? a. $33,740 b. $299,40. c. $26,360 d. $4,024Step by Step Solution
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