What is the present value of the savings plan

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Reference no: EM131608647

1. A family will be investing continuously in a savings plan at 4% APR for thirty years, where the investment is $1000 per year at the beginning and increased by $100 every year. What is the present value of the 30-year plan?

a. $134,001.46

b. $38,555.94

c. $76.941.69

d. $51,085.80

e. $128,010.23

Reference no: EM131608647

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