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John already has $42.700 today in his savings account earning 4.2% compounded semiannually. The account will receive automatic quarterly contributions of $1,010 for the
John already has $42.700 today in his savings account earning 4.2% compounded semiannually. The account will receive automatic quarterly contributions of $1,010 for the next 10 years. In 2.5 years from now. John will also deposit a lump sum of $3,810 to the account. a) How much will be in the account right after the lump deposit? N = PV- PMT- FV- Balance after the lump deposit W b) How much will be in the account in 10 years from now? N= Balance
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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