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1. Calculate the following future values in the following questions using the interest rates supplied. The total time period is 25 years, and the present
1. Calculate the following future values in the following questions using the interest rates supplied. The total time period is 25 years, and the present value is $2,500. | |||||||
a. | Rate | 5% | compounded quarterly | ||||
b. | Rate | 5% | compounded monthly | ||||
c. | Rate | 5% | compounded daily |
2. Calculate present values in each of the following three questions. The annual interest rate is 5.0% and the future value is $10,000. | |||||||
a. | 6 | years | |||||
b. | 20 | quarters | |||||
c. | 60 | months |
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