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3. You are offered an investment that will pay you $1,000 today (T-0), $2,000 1 year from now, and $3,000 2 years from now. Assuming
3. You are offered an investment that will pay you $1,000 today (T-0), $2,000 1 year from now, and $3,000 2 years from now. Assuming a rate of return of 9%, how much will the investment be worth at the end of year 3? (SHOW ALL WORK). Formula FV = PV * (1 + r) ^ t
4. You are offered an investment that will pay you $500 at the end of the year, $1000 the next year, and $2,000 the 3rd year. What will this be worth in today's dollars assuming you require a 6% rate of return? (SHOW ALL WORK). Formula : PV = FV / ((1 + r) ^ t)
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