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1. Finding I and N An investor wants to invest a lump sum of $1,000 and have $2,000 at the end of ten years. Assuming
1. Finding I and N An investor wants to invest a lump sum of $1,000 and have $2,000 at the end of ten years. Assuming annual compounding, what interest rate is required to reach this goal? 2. Future Value of an Ordinary Annuity Calculate the future value of an ordinary annuity given the following information: N: 1(annual): 7% Payments of S100 made at the end of each period 3. Future Value of an Annuity Due Calculate the future value of an annuity due given the following information: Number of periods: 4 9% Interest rate: Payments of S100 made at the beginning of each period. 4. Present Value of an Ordinary Annuity Calculate the present value of an ordinary annuity given the following information: Number of periods: Interest rate: Future value: Payments: 3% S0 $500
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