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TVM
Present Value (PV):
Future Value (FV):
Interest Rate (I%, annual):
Number of Periods (n):
Compounding per Year (C/Y):
Payment (PMT):
Calculate
Sarah invested \(\dollar 300\) in a variable rate investment account for 10 years. The interest rates were:
for the first seven years: \(4\pourcent\) compounded monthly.
for the last three years: \(3\pourcent\) compounded monthly.
Find the final amount after 7 years.
7
8
9
4
5
6
1
2
3
C
0
.
dollars (round to the nearest integer)
Find the final amount after 10 years.
7
8
9
4
5
6
1
2
3
C
0
.
dollars (round to the nearest integer)
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