A company plans to make four annual deposits of $6,500 each to a special building...
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A company plans to make four annual deposits of $6,500 each to a special building fund. The funds assets will be invested in mortgage instruments expected to pay interest at 12% on the funds balance. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: The $6,500 annual deposit are made at the end of each of the four years and interest is compounded annually. The $6,500 annual deposit are made at the beginning of each of the four years and interest is compounded annually. The $6,500 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. The $6,500 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year
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