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can someone help me? Time Value of Money Exercises 1. Martin wants to invest $5,000. If the interest rate is 8% what will the value
can someone help me?
Time Value of Money Exercises 1. Martin wants to invest $5,000. If the interest rate is 8% what will the value be after three years, a. ( 2 points) if simple interest is used to calculate the value? b. ( 2 points) if interest compounds annually? c. (2 points) If interest compounds biannually? 2. Grace wants to know how much she will need to invest today, so that she can have $10,000 in three years, if the investment will earn 10% a. (2 points) If interest compounds annually b. (2 points) If interest compounds quarterly Step by Step Solution
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