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finance 1. What is the future value of $5,000 in 10 years at 5%, compounded monthly? 2. What is the future value of $10,000 in
finance
1. What is the future value of $5,000 in 10 years at 5%, compounded monthly? 2. What is the future value of $10,000 in 8 years at 8%, compounded quarterly? 3. If you receive $10,000 in 5 years, what is its value today if the appropriate interest rate is 8% and interest is compounded semi-annually? 4. At what annual rate of return can you triple your money in 8 years if interest is compounded monthly? 5. At what annual rate of return can you quadruple (means 4 times) your money in 16 years, if interest is compounded quarterly? 6. How many periods will it take you to quadruple (means 4 times) your money at 7%, if interest is compounded semi-annually? how many years will it take? 7. What is the present value of $15,500 received in 10 years if interest of 1% is compounded monthly? 8. What is the present value of $22,000 received in 5 years if interest of 1% is compounded quarterlyStep by Step Solution
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