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Assume that you are nearing graduation and have applied for a job with a local bank. The bank's evaluation process requires you to take an

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Assume that you are nearing graduation and have applied for a job with a local bank. The bank's evaluation process requires you to take an examination that covers several financial analysis techniques. The first section of the test addresses DCF analysis. See how you would do by answering the following questions. c. We sometimes need to find out how long it will take a sum of money (or something else, such as earnings, population, or prices) to grow to some specified amount. For example, if a company's sales are growing at a rate of 20 per cent per year, how long will it take sales to double? d. If you want an investment to double in 3 years, what interest rate must it earn? e. (1) What is the future value of a 3-year ordinary annuity of 100 if the appropriate interest rate is 10 per cent? (2) What's the present value of the annuity

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