Question
1. What is the future value of $7189 invested for 23 years at 9.25% compounded annually? 2. Today you earned $36,000, what will your annual
1. What is the future value of $7189 invested for 23 years at 9.25% compounded annually?
2. Today you earned $36,000, what will your annual salary be 12 years from now, if you earn annual raises of 3.6%?
3. What is the Present Value of $150,000 to be receive 8 years from today if the discount rate is 11%?
4. One years ago you invested $1800, today its worth $1924.62, what rate of interest did you earn?
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Canadian Public Finance
Authors: Genevieve Tellier
1st Edition
1487594410, 978-1487594411
