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Determine Future Value Suppose you deposit $1000 in one year, $2000 in two years, and $4000 in three years. Assume a 4 percent interest throughout.
Determine Future Value
Suppose you deposit $1000 in one year, $2000 in two years, and $4000 in three years. Assume a 4 percent interest throughout.
How much will you have in 5 years?
Suppose you plan to withdraw $1500 in four years and there is no penalty for early withdraw. How much will you have in 5 years.
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