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Please answer question c with detailed procedure. Jimmy deposits $ 4,200 now, $ 2,500 3 years from now, and $ 5,600 6 years from now.
Please answer question c with detailed procedure.
Jimmy deposits $ 4,200 now, $ 2,500 3 years from now, and $ 5,600 6 years from now. Interest is 6 % for the first 3 years and 8 % for the last 3 years. (Round your answers to the nearest whole dollar. The tolerance is +/- 4.00) a. How much money will be in the fund at the end of 6 years? 15051 b. What is the present worth of the fund? 10032 c. What is the uniform series equivalent of the fund (uniform cash flow at end of years 1-6)? XAStep by Step Solution
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