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Jimmy deposits $4,800 now, $2,500 3 years from now, and $5,800 6 years from now. Interest is 3% for the first 3 years and 9%
Jimmy deposits $4,800 now, $2,500 3 years from now, and $5,800 6 years from now. Interest is 3% for the first 3 years and 9% for the last 3 years. a. How much money will be in the fund at the end of 6 years?$ 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 16)?$
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