Calculate the future value

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Calculate the future value for each of the following investments at the end of a 5-year period assuming you could earn 6% per year on similar risk investments.

a) Invest $3,000 at the end of each year for the next 5 years.

b) Invest:

(i) a lump sum of $5,000 today.

(ii) $5,000 at the end of Year 4.

Reference no: EM133117200

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