Jimmy deposits 3200 now 2100 3 years from now and 4600 6, Ask an Expert

Economics

Jimmy deposits $3,200 now, $2,100 3 years from now, and $4,600 6 years from now. Interest is 7% for the first 3 years and 10% for the last 3 years.

a. How much money will be in the fund at the end of 6 years?

b. What is the present worth of the fund?

c. What is the uniform series equivalent of the fund (uniform cash flow at end of years 1–6)?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91828225

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