What is the uniform series equivalent of the fund

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Reference no: EM131027125

Jimmy deposits $3,000 now, $2,900 3 years from now, and $4,200 6 years from now. Interest is 3% for the first 3 years and 8% for the last 3 years.

a. How much money will be in the fund at the end of 6 years?

$Entry field with correct answer

b. What is the present worth of the fund?

$Entry field with incorrect answer

c. What is the uniform series equivalent of the fund (uniform cash flow at end of years 1–6)?

$Entry field with incorrect answer

Round your answers to the nearest whole dollar. The tolerance is +/- 4.00.

Reference no: EM131027125

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