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Help please! You deposited your scholarship money ($1,000) in a savings account that pays 8 percent interest. compounded quarterly. Two years later, you decide to
Help please! You deposited your scholarship money ($1,000) in a savings account that pays 8 percent interest. compounded quarterly. Two years later, you decide to go to the Rocky Mountains to become a ski instructor rather than to go to school, so you close out your account. How much money will you receive? Find the present value of the following, cash flow stream, discounted al 1 percent: Year 1, $100; Year 2, $400; Years 3 through 5 $300
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