Question

Assume you can earn 11% on the investments described below. How much money would each investment...

Assume you can earn 11% on the investments described below. How much money would each investment provide for you after six​ years?

a. Invest ​$5000 as a lump sum today.

b. Invest ​$1553 at the end of each of the next 6 years.

c. Invest a lump sum of ​$2867 today and $983 at the end of each of the next 6 years.

d. Invest ​$905 at the end of years​ 1, 3, and 5.

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