Homework Answers
First deposit was made 8 yeas ago and last deposit was made 3 years ago.
FW of the investment three years ago = 5000(F/A, 15%, 5)
FW of the investment after 18 years (15 years from now and 3 years additional from her last deposit) = 5000(F/A, 15%, 5)(F/P, 15%, 18)
= 5000*6.7424*12.37545
= $417,201
This is the required value.
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