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Please do both ways, by hand without excel, because I am so confused. rate = 8% B. You invest $3000 in Y1 and $4000 in

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Please do both ways, by hand without excel, because I am so confused.

rate = 8%

B. You invest $3000 in Y1 and $4000 in Y5 at 8%. How much will you have in Year 7? Draw Timeline: Method 1: FV $3000 to Y5, add $4000; FV the total to Y7 Method 2: FV $3000 to Y7, FV $4000 to Y7; add the two together

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