An investor invests 2000 per year at the end of each year, Ask an Expert

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An investor invests $2,000 per year at the end of each year, with the first deposit at age 20 and the last deposit at age 30. Assume an interest rate of 10% per annum compounded annually.

No more deposits are made after age 30 and the investor accesses the money at age 60. Another investor begins investing at age 30 and invests $2,000 per year at the end of each year, with the last deposit at age 60.

Assume an interest rate of 10% per annum compounded annually.

(a) How much does each investor deposit?

(b) Calculate the future value (FV) of each investment.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92794397

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