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What amount will the fund contain just

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Reference no: EM131980387

Find what is required in each problem with the formula and step

1) a- Discount $87,500 for 5 years and 3 months at 8% compounded quarterly

b- 9% Compounded monthly

2) Jacob father deposits $4,000 at the end of 3 months in a fund paying 10% interest, compounded quarterly. What amount will the fund contain just after Jacob is 18 years old, if the first deposit was made when he was 6 years old?

3) Find the amount of an annuity of $25,0000 a month for 15 years at 8%, compounded monthly.

Reference no: EM131980387

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