if you deposit 1200 at the end of each year of the first 8 years and...

if you deposit 1200 at the end of each year of the first 8 years and 1800 at the end of each year for the second 8 years. find the fund value at the end of 16 year, if the fund earn.

it's 8%

Solutions

Expert Solution

For each Deposit Future Value = Deposit * (1 + Interest)^Years

Fund value at the end of 16 year = $42771.12

jeff jeffy answered 1 year ago

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