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Business, 13.03.2021 05:40 gamboaserg

One can solve for payments (PMT), periods (N), and interest rates (I) for annuities. The easiest way to solve for these variables is with a financial calculator or a spreadsheet. Quantitative Problem 1: You plan to deposit $2,200 per year for 5 years into a money market account with an annual return of 3%. You plan to make your first deposit one year from today. What amount will be in your account at the end of 5 years

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One can solve for payments (PMT), periods (N), and interest rates (I) for annuities. The easiest way...

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