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At an annual interest rate of 8% per year, $10,000 today is equivalent to how much (a) 1 year from now and (b) 1 year
| At an annual interest rate of 8% per year, $10,000 today is equivalent to how much (a) 1 year from now and (b) 1 year ago? | ||||
| Investment | $10,000.00 | |||
| Interest Rate | 8.00% | |||
| a) Value in 1 year | ||||
| a) Value 1 year ago | ||||
| An investment of $40,000 one year ago and $50,000 now are equivalent at what interest rate? | ||||
| Investment | $40,000.00 | |||
| Periods | 1.00 | |||
| Current Value | $50,000.00 | |||
| Interest Rate | ||||
| Certain certificates of deposit accumulate interest at 10% per year simple interest. If a company invests $240,000 now in these certificates for the purchase of a new machine 3 years from now, how much will the company have at the end of the 3-year period? | ||||
| Investment | $240,000.00 | |||
| Periods | 3.00 | |||
| Interest Rate | 10.00% | |||
| Future Value | ||||
| $312,000.00 | ||||
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
