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What amount fund in twenty years if first payment occurs

Sally Medavoy will invest $8,000 a year for 20 years in a fund that will earn 12% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years?

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What amount fund in twenty years if first payment occurs

Reference No:- TGS0680459

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Calculate the highest price in terms of a rate

Q : What is the book value of the machine

Q : Find expected capital gains yields and dividend yield

Q : Mean and the standard deviation of the sampling distribution

Q : What amount fund in twenty years if first payment occurs

Q : Determine how much additional revenue would the ride

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What amount fund in twenty years if first payment occurs

Reference No:- TGS0680459

Recent Questions Asked Finance Basics

Q : Calculate the highest price in terms of a rate

Q : What is the book value of the machine

Q : Find expected capital gains yields and dividend yield

Q : Mean and the standard deviation of the sampling distribution

Q : What amount fund in twenty years if first payment occurs

Q : Determine how much additional revenue would the ride

Q : What should be the adjusted balance of allowance

Q : Calculate the probability of observing a sample proportion

Q : The transaction credits

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