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(a) What is the future value of $7,000 at the end of 5 periods at 8% compounded interest? (b) What is the present value of
(a) What is the future value of $7,000 at the end of 5 periods at 8% compounded interest?
(b) What is the present value of $7,000 due 8 periods hence, discounted at 11%?
(c) What is the present value of $7,000 to be received at the end of each of 20 periods, discounted at 5% compound interest?
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