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For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)):
| Present Value | Years | Interest Rate | Future Value | ||||||
| $ | 2,450 | 10 | 14 | % | $ | ||||
| 9,152 | 8 | 8 | |||||||
| 80,355 | 15 | 13 | |||||||
| 187,796 | 6 | 5 | |||||||
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
