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i. Future value of single amount: Let's suppose you have $5,000 to invest today for the purpose of purchasing camping equipment 10 years from now

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i. Future value of single amount: Let's suppose you have $5,000 to invest today for the purpose of purchasing camping equipment 10 years from now and the annual rate of interest is 4%. How much would you have at the end of that 10 -year period to contribute towards that purchase? ii. Future value of series of deposits: Let's suppose that in 15 years, you project you will need money to replace your riding lawn mower. If you could deposit $200 each year into an account earning 5% annually, how much would you have to contribute towards that purchase? iii. Present value of a single amount: Let's suppose you need $100,000 twenty (20) years from now for your child's college education to be funded. How much would need to invest today (single lump sum) at 3% annual interest in order to attain that amount? iv. Present value of a series of deposits: Let's suppose you could invest every year for 20 years $3000 at 6% annual interest. What would be the equivalent value today of that series of deposits

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