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What is the accumulated sum of each of the following streams of payments?

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solution


Question

(Compound annuity) What is the accumulated sum of each of the following streams of payments?;a. $500 a year for 10 years compounded annually at 5 percent;b. $100 a year for 5 years compounded annually at 10 percent;c. $35 a year for 7 years compounded annually at 7 percent;d. $25 a year for 3 years compounded annually at 2 percent

 

Paper#31272 | Written in 18-Jul-2015

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