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Find the future value of the following cash flow: $3 in 3 years at 12% (Round to the nearest cent and do not enter the
Find the future value of the following cash flow:
$3 in 3 years at 12%
(Round to the nearest cent and do not enter the dollar sign)
You expect to receive $500 in five years from an investment.
What is this investment worth today at a 12% APR compounded monthly?
(Round to the nearest cent and do not enter the dollar sign)
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