Question
Asked Sep 22, 2019

Yu plan to deposit $1,000 in Year 1, $1,200 in Year 2 and $2,000 in Year 4 in your savings account. Youthink that you can earn 6% per year. How much will you have in your account in Year 6?

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Step 1

We will have to figure out the future value of each of the series of cash flows and add them to get the final aswer.

FV = Future valu...

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