Matthew Young will deposit $27100 into an account today that earns 13% per year compounded...
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Accounting
Matthew Young will deposit $27100 into an account today that earns 13% per year compounded annually. Using the following factors, what is the amount that will be in the account at the end of the 6 years? Type of Cash Flow Periods Interest Rate Factor PV of $1 FV of $1 13% PV ordinary annuity 3.9975 FV ordinary annuity 6 13% 8.3227 PV annuity due 13% 4.5172 1396 0.4803 2.0820 OOOO 13% 6 $56422 $28211 $26032 $13016
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