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Please do both problems Paul Spear invested $13,000 today in a fund that earns 10% compounded annually. Click here to view factor tables. To what
Please do both problems
Paul Spear invested $13,000 today in a fund that earns 10% compounded annually. Click here to view factor tables. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 10% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places 458,581.) Investment at 10% annual interest $ Investment at 10% annual interest, compounded semiannually $ Cindy Medavoy will invest $6,720 a year for 20 years in a fund that will earn 6% annual interest. Click here to view factor tables. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First payment today $ First payment at year-end $Step by Step Solution
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