Withdrawn at the end of investment period

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Reference no: EM131984737

How much money can be withdrawn at the end of an investment period if:

a. $4016 is invested at the end of each of 3 years at 6%/year compounded annually, with the lump sum then shifted to an investment paying 7.0%/year for an additional 5 years?

b. $8840 is invested at the end of each of 10 years at 9%/year compounded annually, with the lump sum then shifted to an investment paying 5.7%/year for an additional 3 years?

c. $14560 is invested at the end of each of 5 years at 10%/year compounded annually, with the lump sum then shifted to an investment paying 7.4%/year for an additional 8 years? $

Reference no: EM131984737

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