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Jimmy deposits $4,200 now, $2,300 3 years from now, and $5,000 6 years from now. Interest is 3% for the first 3 years and 10%
Jimmy deposits $4,200 now, $2,300 3 years from now, and $5,000 6 years from now. Interest is 3% for the first 3 years and 10% for the last 3 years. a. How much money will be in the fund at the end of 6 years? b. What is the present worth of the fund? c. What is the uniform series equivalent of the fund (uniform cash flow at end of years 1-6)? Round your answers to the nearest whole dollar. The tolerance is +/- 4.00
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