What is the accumulated sum
Problem:
What is the accumulated sum of the following stream of payments? 2037 every year at the end of 13 years at 6 percent compounded annually. Explain in detail.
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WeCheatU Loans offers to loan you $6,000 at 6% simple interest for a five-year period. In order to make it easier for you to pay, they take each year's interest of $360 and add it to the $6,000 principal to get $7,800 ($6,000 + 5 x $360). Then, th
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