Over the next 20 years, you plan to make the following investments: $600 at the...
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Over the next 20 years, you plan to make the following investments: $600 at the end of every two weeks for the first 6 years; 1200 at the end of every month thereafter. The effective interest rates for the next 20 years are: 6% for the first 8 years and 6.25% thereafter. 1. Calculate the present value 2. Calculate the amount to be accumulated, after 20 years, from the planned investments.
Question; do you use formula Fv =PV(1+i)^n (transformed) or PVA formula?
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