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Exercise One: Compute the Future Value of 1,000 USD (U.S. Dollars), 15 years from today, if the interest rate is 3.25%, assuming: (a) simple interest,

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Exercise One: Compute the Future Value of 1,000 USD (U.S. Dollars), 15 years from today, if the interest rate is 3.25%, assuming: (a) simple interest, (b) daily compounding, (c) verify all your discrete compounding answers by using the FV function, (d) continuous compounding, (e) as shown in class today, use a Data Table to generate a graph showing the evolution of Future Value over time increments of 10 years for all models in (a), (b), and (c). (Hint: You may generate at least ten points for your data using separate graphs). Exercise Two: Compute the Present Value of 1,000,000 USD (U.S. Dollars), received 150 years from today, if the interest rate is 2.25%, assuming: (a) simple interest, (b) daily compounding, (c) verify all your discrete compounding answers by using the PV function, (d) continuous compounding, (e) as shown in class today, use a Data Table to generate a graph showing the computation of Present Value over time increments of 10 years for all models in (a), (b), and (c). (Hint: You may generate at least ten points for your data using separate aran

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