What is the future value at the end of year five


Problem

What is the future value at the end of year 5 of a series of 3 deposits? The first deposit occurs at the end of year 3 and is $1100. The remaining deposits increase by $250/year (so the last deposit will be $1600 and will occur at the end of year 5) . Assume i = 8.4% compounded annually.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the future value at the end of year five
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