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October 31, 2014

October 31, 2014

Posted by **James** on Thursday, October 22, 2009 at 5:07pm.

2 and 3, $5,000 at the end of years 4, 5, 6 and 7 and $4,250 at the end of years 8, 9, 10, 11 and 12 into

an account that pays 13% p.a.?

- corp. finance -
**jim**, Thursday, October 22, 2009 at 6:59pmIt's tedious, but there isn't a useful shortcut.

In year one, you add 13% of 5000 to the 5000, making 5650. Then you add 3500, making 9150. Then you add 13% to that, and then add another 3500, and go for another year @ 13%. And so on.

- corp. finance -
**james**, Friday, October 23, 2009 at 10:57pmcan I plug this in on a financial calculator? If so how would I?

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