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You invest $250 into an account at time 0. At time 4, you invest another $600 into the same account. The account earns intere

You invest $250 into an account at time 0. At time 4, you invest another $600 into the same
account. The account earns interest at an annual rate of 11%. Find the accumulated value of
your account at time 10.

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Answer #1

Hey,

I have Used Time Value of Money Concept to calculate this Answers. Both Investment are separately done to make easy to calculate and understand.

In Case of any query, feel free to ask.

Thank You

Answee And * Using Time Value of Money formula 0 Yeau o - Future Value (FV) - Present Value (P)/1+ Rate ] Where the present V

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