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Find the following values for a lump sum assuming annual compounding: a. The future value of $500 invested at 8 percent for one year b.
| Find the following values for a lump sum assuming annual compounding: | |||||||||
| a. The future value of $500 invested at 8 percent for one year | |||||||||
| b. The future value of $500 invested at 8 percent for five years | |||||||||
| c. The present value of $500 to be received in one year when the opportunity cost rate is 8 percent | |||||||||
| d. The present value of $500 to be received in five years when the opportunity cost rate is 8 percent | |||||||||
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
