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CORPORATE FINANCE Use the future value interest factor to calculate the following questions: a. Assume that you keep $5,555 in the savings account at ABC
CORPORATE FINANCE Use the future value interest factor to calculate the following questions: a. Assume that you keep $5,555 in the savings account at ABC Bank with an interest rate of 15 per cent per year for five years. How much will you obtain at the end of the five-year period? b. If you keep $4,321 in the savings account at ABC BANK with an interest rate of 7 per cent per year for five years, how much will you obtain at the end of the two year?
(PLEASE GIVE DETAILED CALCULATIONS)
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