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----------------------------------------------------------------------- begin{tabular}{lrrrr} & First Year & Second Year & Third Year & Total hline Alpha Project & $32,000 & $22,500 & $5,000 & $59,500
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\begin{tabular}{lrrrr} & First Year & Second Year & Third Year & Total \\ \hline Alpha Project & $32,000 & $22,500 & $5,000 & $59,500 \\ Beta Project & 7,500 & 23,500 & 27,500 & 58,500 \end{tabular} (Click here to see present value and future value tables) Alpha Project $ Beta Project $ B. Which project should be recommended. Use the present value and future value tables to answer the following questions. A. If you would like to accumulate $2,600 over the next 3 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,300 in a savings account, how much will you have at the end of 8 years with a 12% interest rate? C. You invest $7,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $740,000 as a lump sum or $40,000 per year for 19 years. Assuming you can earn 8% interest, which do you recommend and whyStep by Step Solution
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