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Your grandmother has been putting $3,000 into a savings account on every birthday since your first (that is, when you turned one). The account pays
Your grandmother has been putting $3,000 into a savings account on every birthday since your first (that is, when you turned one). The account pays an interest rate of 10%. How much money will be in the account immediately after your grandmother makes the deposit on your 18th birthday The amount in the account upon your 18th birthday is $. (Round to the nearest dollar.) What is the present value of the following set of cash flows, discounted at 16% per year? Year 4 1 $96 2 - $96 3 $196 CF - $196 The present value of the cash flow stream is $ (Round to the nearest cent.)
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