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5-Present Value Computation You receive $3,000 at the end of every year for 3 years. What is the present value of these receipts if you
5-Present Value Computation You receive $3,000 at the end of every year for 3 years. What is the present value of these receipts if you earn 8% compounded annually? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. $Answer
6-Future Value Computation What amount will be accumulated in 4 years if $11,500 is invested today at 6% interest compounded annually? Use Excel or a financial calculator for computation. Round your answer to nearest dollar. $Answer
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