ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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hi, can you show me how to solve these

You agree to deposit $500 at the end of every year for 3 years in an investment fund that earns 6%. Time line 1. 3 $500 $500 FV=? $500 6% Now assume that you deposit the $500 at the beginning of the year not at the end of the year. Time line 1 2 3 FV=? $500 6% $500 $500
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Transcribed Image Text:You agree to deposit $500 at the end of every year for 3 years in an investment fund that earns 6%. Time line 1. 3 $500 $500 FV=? $500 6% Now assume that you deposit the $500 at the beginning of the year not at the end of the year. Time line 1 2 3 FV=? $500 6% $500 $500
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