Assume you can earn 7% on the investments described below. How much money would each...
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Assume you can earn 7% on the investments described below. How much money would each investment provide for you after six years? a. Invest $6,200 as a lump sum today. b. Invest $2,812 at the end of each of the next 6 years. c. Invest a lump sum of $3,846 today and $1,253 at the end of each the next 6 years. d. Invest $1,126 at the end of years 1, 3, and 5. a. If you were to invest $6,200 as a lump sum today, the least you would accept at the end of a 6-year period, FV, is $. (Round to the nearest cent.) b. If you were to invest $2,812 at the end of each of the next 6 years, the least you would accept at the end of a 6-year period, FV, is $. (Round to the nearest cent.) c. If you were to invest a lump sum of $3,846 today and $1,253 at the end of each of the next 6 years, the least you would accept at the end of a 6-year period, FV, is $ (Round to the nearest cent.) d. If you were to invest $1,126 at the end of years 1, 3, and 5, the least you would accept at the end of a 6-year period, FV, is $. (Round to the nearest cent.)
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