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Find the following values for a lump sum assuming annual compounding: a. The future value of $1500 invested at 7 percent for one year b.
Find the following values for a lump sum assuming annual compounding: a. The future value of $1500 invested at 7 percent for one year b. The future value of $1500 invested at 7 percent for five years c. The present value of $1500 to be received in one year when the opportunity cost rate is 7 percent d. The present value of $1500 to be received in five years when the opportunity cost rate is 7 percent
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