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6. Brad Pitt is creating a college investment fund for his daughter. He will put...

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Finance

6. Brad Pitt is creating a college investment fund for his daughter. He will put in $1,000 per year for the next 15 years and expects to earn a 6% annual rate of return. How much money will his daughter have when she starts college?

7. You will invest $5,000 at the beginning of each year for the next 9 years. The interest rate is 8 percent. What is the future value?

These require excel formulas

for 6 i got

$23,275.97

for 7 i got

$62,437.79

Im not sure if these are correct.

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