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Determine the future value (FV) of ten thousand dollars initial deposit in a 25-year fixed deposit account that promises 10.0% annually. Interest will be paid

Determine the future value (FV) of ten thousand dollars initial deposit in a 25-year fixed deposit account that promises 10.0% annually. Interest will be paid quarterly.

 

What is the present value (PV) of one hundred thousand dollars for a promised payout in 2053? The discount rate is eleven percent. Explain the meaning of your solution.

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