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What is the future value of an investment which compounds annually at 5% and starts at $1100 in the first year and grows by 5%
What is the future value of an investment which compounds annually at 5% and starts at $1100 in the first year and grows by 5% per year (starting in the second year) for 20 years?
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To calculate the future value of this investment we can use the future value of an annuity formula F...
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
