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12-07-2022
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Carlyle plans to invest $12,000 per year for the next 5 years at 10% interest. How much will he have at the end of Year 1 for an ordinary annuity

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yanayildiz yanayildiz

12-07-2022

Answer:

$12,000

Explanation:

Since she plans to invest by the end of the period, the investment hasn't earned any interest. So it stays the same.

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