1. You deposit $2000, $3000, and $4000 respectively at the end of years 1,2, and 3...

1. You deposit $2000, $3000, and $4000 respectively at the end of years 1,2, and 3 from today in a mutual fund providing 10% return. Draw a timeline and compute how much your savings will be worth in 3 years.

Expert Solution

1)

Year	Cash flows	FVIF@10%	Future value
0	$ -	1.331	$ -
1	$ 2,000	1.210	$ 2,420.00
2	$ 3,000	1.100	$ 3,300.00
3	$ 4,000	1.000	$ 4,000.00

Worth in 3 years			$ 9,720.00

jeff jeffy answered 1 year ago

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1. You deposit $2000, $3000, and $4000 respectively at the end of years 1,2, and 3...

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