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can I please have the solution for question 1 and 3 1. A bank offers a return of 7% interest compounded annually. Find the future
can I please have the solution for question 1 and 3
1. A bank offers a return of 7% interest compounded annually. Find the future value of a principal of $4500 after six years. What is the overall percentage rise over this period? 2 Find the future value of 520 000 in two years' time if compounded quarterly at 8% interest. 3. The value of an asset, currently priced at $100 000, is expected to increase by 20% a year. (a) Find its value in 10 years' time, (b) After how many years will it be worth $1 millionStep by Step Solution
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