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Need help with 1 and 2. Thanks 1. Given S =1000 + (1.05)-+ +1000 = (1.05)-2+(1.03) +1000+ (1.05)-3 (1.03) +...+1000. (1.05) .(1.03)2 Find S (2pts)
Need help with 1 and 2. Thanks
1. Given S =1000 + (1.05)-+ +1000 = (1.05)-2+(1.03) +1000+ (1.05)-3 (1.03) +...+1000. (1.05) .(1.03)2 Find S (2pts) 2. What level amount must be deposited on March 31, June 30, September 30 and December 31 each year from 2019 to 2018, inclusive, to accumulate to $1,000,000 on December 31, 2018 if the nominal annual rate of interest compounded quarterly is 8% 2pts]Step by Step Solution
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