Solve clearly 6) You invest $2,500 at the beginning of each year into an account earning 4 effective annual in terest You reinvest the interest earned at the end of each year into a second account that will earn you 3 effective annual interest How much is in the second account after 50 years Also, fill in the following table (or, redraw the table on your solution sheet being handed in and fill it in) Year 0 2 3 4 49 50 Amount in Ist account Amount deposited into 2nd account

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Solve clearly 6) You invest $2,500 at the beginning of each year into an account earning 4  effective annual in  terest  You reinvest the interest earned at the end of each year into a second account that will earn you 3  effective annual interest  How much is in the second account after 50 years  Also, fill in the following table (or, redraw the table on your solution sheet being handed in and fill it in)  Year 0 2 3 4 49 50 Amount in Ist account Amount deposited into 2nd account

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Solve clearly 6) You invest $2,500 at the beginning of each year into an account earning 4%

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Income Tax Fundamentals 2013

Solve clearly 6) You invest $2,500 at the beginning of each year into an account earning 4%

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Income Tax Fundamentals 2013

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