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all parts to one question please answer all. please show work neatly 1. Future value problem: a) At the end of three years, how much
all parts to one question please answer all. please show work neatly
1. Future value problem: a) At the end of three years, how much is an initial deposit of $100 worth, assuming a compound annual interest rate of (i) 100% ? (ii) 10% ? (iii) 0% ? [9 pts] b) At the end of five years, how much is an initial $500 deposit followed by five year-end, annual $100 payments worth, assuming a compound annual interest rate of (i) 10% ? (ii) 5% ? [6 pts] c) At the end of six years, how much is an initial $500 deposit followed by five year-end, annual $100 payments worth, assuming a compound annual interest rate of (i) 10% ? (ii) 5% ? [6pts] d) At the end of 10 years, how much is an initial $100 deposit worth, assuming an annual interest rate of 10% compounded (i) annually? (ii) quarterly? (iii) continuously? [9 pts]Step by Step Solution
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