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Christie, Incorporated, has identified an investment project with the following cash flows. Year Cash Flow 1 $920 2 1,150 3 1,370 2,110 a. If the
Christie, Incorporated, has identified an investment project with the following cash flows. Year Cash Flow 1 $920 2 1,150 3 1,370 2,110 a. If the discount rate is 9 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the discount rate is 12 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. If the discount rate is 23 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Future value at 9% b. Future value at 12% c. Future value at 23% Problem 6-13 Calculating APR [LO4] Find the APR, or stated rate, in each of the following cases: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Stated Rate Effective Rate Number of Times Compounded (APR) (EAR) Semiannually Monthly Weekly Infinite % 12.3 % 13.2 10.9 14.6
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