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Computing the Time Value of Money. A) The future value of $450 six years from now at 7 percent? B) The future value of $900
Computing the Time Value of Money. A) The future value of $450 six years from now at 7 percent? B) The future value of $900 saved each year for 10 years at 8 percent? C) The amount a person would have to deposit today (Present value) at a 6 percent interest rate to have $1000 five years from now? D) The amount a person would have to deposit today to be able to take out $600 a year for 10 years from an account earning 8 percent.
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