Homework Answers
Calculating Future Value upto 53 deposits,
Using TVM Calculation,
FV= [PV = 0, PMT= 380, N = 53, I = 0.076/4]
FV= 34,232.77
Calculating Future Value upto45 more deposits,
Using TVM Calculation,
FV =[PV = 34,232.77, PMT = 380, N = 45, I = 0.067/4]
FV = $97,511.64
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