Time value personal finance problem you have 2800 to invest, Ask an Expert

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Time value Personal Finance Problem You have ?$2,800 to invest today at 7?% interest compounded annually. a. Find how much you will have accumulated in the account at the end of? (1) 6 ?years, (2) 12 ?years, and? (3) 18 years. b. Use your findings in part a to calculate the amount of interest earned in? (1) the first 6 years? (years 1 to 6), ?(2) the second 6 years? (years 7 to 12?), and? (3) the third 6 years? (years 13 to 18?). c. Compare and contrast your findings in part b. Explain how the amount of interest earned changes in each succeeding 6 dash year6-year period.

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