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Calculate the future sum of $1,000, given that it will be held in the bank for 5years and earn 10 percent compounded semiannually. What is
Calculate the future sum of $1,000, given that it will be held in the bank for 5years and earn 10 percent compounded semiannually.
What is the future value of an ordinary annuity of $1,000 per year for 7 years compounded at 10 percent? What would be the future value if it were an annuity due?
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