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You plan to save $6,000 per year for the next 10 years. You'll earn 5%. How much will you have after ten years? Instead of
You plan to save $6,000 per year for the next 10 years. You'll earn 5%. How much will you have after ten years? Instead of using the annuity formula, I want you to calculate the future value of each contribution and then simply add them. You may assume that you make your first savings Installment on day 1. Installment Future Value First Second Third Fourth Fifth Sixth Seventh Eighth Ninth Tenth Total Please show your calculation for the first installment directly below
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Sure lets calculate the future value of each contribution and then add them up Given Annual savings ...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
