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You have $13,000 that you want to invest at the beginning of each of 5 years. The following alternatives are available to you. On the
You have $13,000 that you want to invest at the beginning of each of 5 years. The following alternatives are available to you. On the basis of available balance at the end of the 5th year, which alternative is the best choice? An account that pays 4% per year each year. O An investment that pays 6% for year 1,5% for year 2,4% for year 3, 3% for year 4, and 2% for year 5. O An account that pays 2% for year 1,3% for year 2,4% for year 3,5% for year 4, and 6% for year 5
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