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Consider a lump sum of $300today(t=0). What is its future value 13 years later at an expected return of 6% per year? Note: Show your
Consider a lump sum of $300today(t=0). What is its future value 13 years later at an expected return of 6% per year? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67). Question 8 An APR of 26% under monthly compounding gives an EAR of Note: Show your answer in units of percents, use plain numbers with at least two digits after the decimal (e.g., for 12.34%, type 12.34)
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