Question: For the mixed stream of cash flows shown, determine the future value at the end of the final year if deposits are made into an account paying annual interest of 9%, assuming that no withdrawals are made during the period and that the deposits are? made:
a. At the end of each year.
b. At the beginning of each year.
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Year 1
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$37,800
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Year 2
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$31,500
|
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Year 3
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$25,200
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Year 4
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$12,600
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Year 5
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$6,300
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