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1. Find the following values for a lump sum assuming annual compounding: a. The future value of $3,600 invested at 7.5 percent for one year
| 1. Find the following values for a lump sum assuming annual compounding:
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| a. The future value of $3,600 invested at 7.5 percent for one year | |||||||||
| b. The future value of 3,600 invested at 7.5 percent for five years | |||||||||
| c. The present value of $7,500 to be received in one year when the opportunity cost rate is 6.0 percent | |||||||||
| d. The present value of $7,500 to be received in five years when the opportunity cost rate is 6.0 percent | |||||||||
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Finance Operations
Authors: Charles Finley
1st Edition
1491292423, 978-1491292426
