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9. Assume that you will receive $1,000 in Year 1, $2,000 in Year 2, $3,000 in year 3, and $4,000 in Year 4. If the
9. Assume that you will receive $1,000 in Year 1, $2,000 in Year 2, $3,000 in year 3, and $4,000 in Year 4. If the interest rate is 8%, compounded monthly, what is the FV of these cash flows at Year 4?
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$ 7,898.00
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$7,962.22
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$10,000
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$10,832.51
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$10,865.01
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