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Posted on Jul 29, 2024

Assume that you have a lump sum $ 5 4 1 that you are investing for 3 years at a nominal rate of 1 6

Assume that you have a lump sum $

541

that you are investing for

3

years at a nominal rate of

16 % .

What is the expected Future Value? Enter your answer to the nearest $

. 01 .

Do not use $ or

,

signs in your answer. Enter your answer as a positive number.

Your Answer:

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