Question
A) (CLO3) What a single investment made today , earning 10% annual interest, will be worth $4,000 at the end of 4 years? B) (CLO3)
A) (CLO3) What a single investment made today, earning 10% annual interest, will be worth $4,000 at the end of 4 years? B) (CLO3) If $4,300 is received at the beginning of year 1, $5,300 is received at the beginning of year 2, and $6,300 is received at the beginning of year 3. If these cash flows are deposited at 14 percent annually. Find their combined future value at the end of year 3. C) (CLO3) If Ahmed deposited this amount $ 1700 into an account that pays 3% annual interest, compounded quarterly, what will the account balance be after 4 years from now? D) A college received a contribution to its endowment fund of $3 million. They can never touch the principal, but they can use the earnings. At an assumed interest rate of 10 percent, how much can the college earn to help its operations each year?
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