Find the following values for a lump sum assuming annual compounding: -The future value of $500 invested for 1 year -The future value of $500
Find the following values for a lump sum assuming annual compounding:
-The future value of $500 invested for 1 year
-The future value of $500 invested at 8% for 5 years
-The present value of $500 to be received in 1 year when the opportunity cost rate is 8%
-The present value of $500 to be received in 5 years when the opportunity cost rate is *%
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Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
