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Your father gives$25,000 as a 21st birthday present. you decide to make regular deposits of 1,000 on your 22nd birthday, adding $200 more each year
- Your father gives$25,000 as a 21st birthday present. you decide to make regular deposits of 1,000 on your 22nd birthday, adding $200 more each year (1,200 on the 23rd etc... What is your future worth on your 56th birthday?(choose the correct equation)
A.1000(P/A, 6%, 34) +200(P/G, 6%, 34)
B.1000(P/A, 6%, 34) +200(P/G, 6%, 34) + 25000(F/P, 6%, 35)
C.1000(P/A, 6%, 34) +200(P/G, 6%, 34) + 25000(F/P, 6%, 34)
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