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D. Examples of Time Value of Money Problems - The following exhibits illustrate each of the basic time value of money problems. These are followed

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D. Examples of Time Value of Money Problems - The following exhibits illustrate each of the basic time value of money problems. These are followed by various accounting applications requiring compound interest computations. EXHIBIT 6-3 SINGLE SUM PROBLEMS Elmer Ploof has $5,000 to invest and wants to know how much he will have in 12 years if he invests it in an account paying 6% interest compounded once per year. wWhat if interest is compounded three time what is the effective yield if the compounding is done three times per y per year if interest is ear

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