Jimmy deposits $ 3,800 now, $ 2,700 3 years from now, and $ 4,400 6...
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Accounting
Jimmy deposits $ 3,800 now, $ 2,700 3 years from now, and $ 4,400 6 years from now. Interest is 7 % for the first 3 years and 8 % for the last 3 years. a. How much money will be in the fund at the end of 6 years? b. What is the present worth of the fund? c. What is the uniform series equivalent of the fund (uniform cash flow at end of years 16)?
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