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Beginning in one year, you will deposit the first annual payment of $6,000 into your retirement...

  1. Beginning in one year, you will deposit the first annual payment of $6,000 into your retirement account. You will continue making annual deposits through and including 2035. There will be no additional deposits made to the retirement account. If funds grow at 7% annually, find the value of the retirement account on this date in 2060.
  1. Beginning in five years, you will receive the 1st annual annuity payment of $7,000/yr. The payments will continue through and include 2032. If your required return is 15%, find the value of annuity today.

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jeff jeffy answered 1 year ago
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