Compute the future values of the following first assuming that payments are made on the last day

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Compute the future values of the following first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: ( LG 2-9 ) Future Value Future Value (Payment (Payment made on made on Interest last day first day Payment Years Rate of period) of period) $ 123 13 13% 4,555 8 8 74,484 5 10 167,332 9 1

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Financial Markets And Institutions

ISBN: 9780078034664

5th Edition

Authors: Anthony Saunders, Marcia Cornett

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