Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,500, $1,700, $1,700, and $2,000, respectively.
FV6 = $1,500*(1 + 0.05)5 + $1,700*(1 + 0.05)4 + $1,700(1 + 0.05)3 +$2,000(1 + 0.05)2
FV6 = $1,914.42 + $2,066.36 + $1,967.96 + $2,205
FV6 = 8,153.74
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Given a 5 percent interest rate, compute the year 6 future value of deposits made in...
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