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Please help, please show work! Thank you! The solutions are given, just need help understanding and computing the work 10 A. 11. D 10. You
Please help, please show work! Thank you! The solutions are given, just need help understanding and computing the work
10 A. 11. D
10. You put $3000 in a bank account every other year starting today for 3 years (see figure below). The bank offers 10% per year compounded quarterly. How much will you have at the end of year 4? 4 year 2 3 t=0 $3000 $3000 $3000 $11109 b. $13654 $15843 d. $18134 $19865 a. c. e. 11. What is the present value of $1000 payments received at the beginning of each year for the next 10 years? Interest rate is 5% compounded annually. $5028 b. $6279 $7853 d. $8108 $9958 a. c. e
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