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3. You have been depositing money into an account yearly based on the following amounts, rates, and times. What is the value of that investment
3. You have been depositing money into an account yearly based on the following amounts, rates, and times. What is the value of that investment account at the end of that period? Amount of Investment Rate Time Value at the End of the Period 20% ? 15% $8,000 $12,000 $15,500 $35,500 ? 15 years 10 years 5 years 2 years 12% ? 10% ? 4. How much would you invest today in order to receive $30,000 in each of the following: a. 10 years at 9% b. 8 years at 12% 14 years at 15% d. 19 years at 18% 5. Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate the current (present) value of your friend's trust fund payments. Rate Time Current Value Amount of Yearly Receipt $6,200 $12,200 $18,000 $22,500 10% 12% ? 5 years 10 years 15 years 20 years ? 15% 20%
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