Ch$.9-$ Practice Textbook Questions $($even$)($i

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You will receive $$7,000$ three years from now. The discount rate is $12$ percent. $($Use a Financial calculator to arrive at the answers. Round the final answers to nearest whole dollar.$)$

a$.$ What is the value of your investment two years from now?

Value of investment

$

b$.$ What is the value of your investment one year from now?

Value of investment

c$.$ What is the value of your investment today?

Value of investment

$