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19) What is the future value of $12,000 in 6.5 years-time if it is compounding at 8.9% per annum? 20) What is the present $18,240
19) What is the future value of $12,000 in 6.5 years-time if it is compounding at 8.9% per annum?
20) What is the present $18,240 if it will be received in 5.26 years assuming that the discount rate is 7.16%?
21) What is the present value of $11,400 in year zero and $17,234 in year 1if the discount rate is 8.2% per annum?
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