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1. Calculate the future value of $4,600 received today if it is deposited at 9 percent for three years. (Equation 4.4, 4.5, and 4.6) 2.
1. Calculate the future value of $4,600 received today if it is deposited at 9 percent for three years. (Equation 4.4, 4.5, and 4.6) 2. Calculate the present value of $89,000 to be received in 15 years, assuming an opportunity cost of 14 percent. (Equation 4.9, 4.11, and 4.12)
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