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Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,850, $2,150, $2,150, and $2,250, respectively. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Future value EA $ 9,618.08

Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,850, $2,150, $2,150, and $2,250, respectively. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Future value EA $ 9,618.08

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,850, $2,150, $2,150, and $2,250, respectively. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Future value EA $ 9,618.08
Transcribed Image Text:Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,850, $2,150, $2,150, and $2,250, respectively. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Future value EA $ 9,618.08
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