document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1103899>Question 1103899</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Taylor deposits $3,500 at the end of year 1, $4,000 at the end of year 3 and $2,500 at the end of year 5. If interest is 6.2% compounded monthly, determine the value at the end of year 7 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #718617 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=718617\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 3500 invested at the end of year 1.<BR>\n" );
document.write( "4000 invested at the end of year 3.<BR>\n" );
document.write( "2500 invested at the end of year 5.\r<BR>\n" );
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document.write( "what is value at end of year 7.\r<BR>\n" );
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document.write( "the general formula is:\r<BR>\n" );
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document.write( "f = p * (1 + r/c) ^ (n*c)\r<BR>\n" );
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document.write( "f is the future value<BR>\n" );
document.write( "p is the present value<BR>\n" );
document.write( "r is the interest rate per year.<BR>\n" );
document.write( "n is the number of years.<BR>\n" );
document.write( "c is the number of compounding periods per year.\r<BR>\n" );
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document.write( "your future value will be 7 years from today.\r<BR>\n" );
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document.write( "you  compounding periods per year is equal to 12.\r<BR>\n" );
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document.write( "your yearly interest rate is equal to 6.2% / 100 = .062.\r<BR>\n" );
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document.write( "at the end of year 1, you will invest $3500 for 7 - 1 = 6 years.\r<BR>\n" );
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document.write( "at the end of year 3, you will invest 4000 for 7 - 3 = 4 years.\r<BR>\n" );
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document.write( "at the end of year 5, you will invest 2500 for 7 - 5 = 2 years\r<BR>\n" );
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document.write( "your future values will be:\r<BR>\n" );
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document.write( "f = 3500 * (1 + .062/12) ^ (6*12) = 5072.36<BR>\n" );
document.write( "f = 4000 * (1 + .062/12) ^ (4*12) = 5122.57<BR>\n" );
document.write( "f = 2500 * (1 + .062/12) ^ (2*12) = 2829.14\r<BR>\n" );
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document.write( "your total future value will be $13,024.07\r<BR>\n" );
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document.write( "your monthly cash flow looks like this:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2017/120602.jpg\" alt=\"$$$\">\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2017/120603.jpg\" alt=\"$$$\">\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2017/120604.jpg\" alt=\"$$$\">\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2017/120605.jpg\" alt=\"$$$\"> </SPAN>\n" );
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