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Jimmy deposits $4,400 now, $2,200 3 years from now, and $5,800 6 years from now. Interest is 5% for the first 3 years and 6%
Jimmy deposits $4,400 now, $2,200 3 years from now, and $5,800 6 years from now. Interest is 5% for the first 3 years and 6% 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)? $
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