How much money will be in the fund at the end of six years


Problem

Jimmy deposits $4,000 now, $2,600 3 years from now, and $4,600 6 years from now. Interest is 3% for the first 3 years and 7% for the last 3 years.

1) How much money will be in the fund at the end of 6 years?
2) What is the present worth of the fund?
3) What is the uniform series equivalent of the fund (uniform cash flow at end of years 1-6)?

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