4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited...

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4. Jeff deposits X into a fund today and 100 fifteen years later. Interest is credited at a nominal annual discount rate of 4

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Answer 1

Answer #1

Solo- Cash flow diagram. 400 X 4x10 12720 Tuture valee of x = x/140.045 ) 1+0:06 = 5.103056 X 2x15 Future Value of 100 = 1001

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