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1.) Suppose you make 30 annual investments in a fund that pays 5 percent compounded annually. If your first deposit is $7500 and each successive deposit is 5 percent greater than the preceeding deposit, how much will be in the fund immediately after the 13th deposit?

2.) In Problem 124, how much will be in the fund immediately after the 13th deposit if the fund pays 6 percent compounded annually and each successive deposit is 6 percent greater than the preceeding deposit?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9478834

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