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Violet deposits $4.000 at the beginning of each year into a bank account that pays 1% interest. At the end of 2 years, how much

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Violet deposits $4.000 at the beginning of each year into a bank account that pays 1% interest. At the end of 2 years, how much doe she have in this account? Tirne Value of Money (TVM) Eramework - c2 compounding - number of time periods - Minterest rate - PV present value or the amount at time t=0 - PMTN annuity value - FV future value or the amount at the end or final time period - type " "ordinary annuity" at PMT at beginning of each perlod vs "annuity due" = PMT at end of each period - CPT the value that is computed What Excel function and arguments to that function would you use to compute this value? = function (rate, nper, pmt, [PV], [type]]

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