Suppose you make 30 annual investments in a fund that pays 3% compounded annually. If your first deposit is $6,000 and each successive deposit is 3% greater than the preceding deposit, how much will be in the fund immediately after the 30th deposit

$ 424,181.7911

Explanation:

This is the case of a growing annuity where q = 1 + i

that means he interest rate is the same as the progression in this case, both are 1.03

as the interest rate is 3% and installment increase at 3%

C = 6,000

n = 30

i = 0.03

Future value of the annuity: $ 424,181.7911 after 30 payment

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

apex verified answer < 3

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i really hope this < 3 < 3 < 3