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If a mechanic deposit $2,000 today in a bank account and the interest is compounded annually at 10 percent, what will be the value of
If a mechanic deposit $2,000 today in a bank account and the interest is compounded annually at 10 percent, what will be the value of this investment: (a) Five years from now? (b) Twenty years from now? The chief financial officer of a business needs to determine the present value of a $10,000 investment received at the end of year 10 . What is the present value if the discount rate is: (a) 6 percent? (b) 15 percent
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