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Please make proper tables if needed. options available for you: Option 1: Putting exactly an equal amount of money into an investment fund at the
Please make proper tables if needed.
options available for you: Option 1: Putting exactly an equal amount of money into an investment fund at the end of each year for 10 years with the rate of return of 8%, annually compounding. Option 2: Putting your initial investment of $50,000 in an asset that will pay you 9% rate of return, compounding quarterly for the first 6 years. The rate of return, compounding annually for the last 4 years (the period from year 7 to the end of year 10 ) has not been defined yet. Required: a) Calculate the amount of money you should put into your investment fund each year in Option 1? (4 marks)Step by Step Solution
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