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It is the end of 2023. You plan to complete a Ph.D. in 5 years. Your favorite uncle has promised to help you with your
It is the end of 2023. You plan to complete a Ph.D. in 5 years. Your favorite uncle has promised to help you with your school expenses by giving you the following amounts for Christmas: Your uncle is fairly wealthy and very reliable. You currently have $10,000 in a savings account paying an annual interest rate of 15%. You also want to inow how much each gift will be worth in 2028 if you save it. Acd another row to your spreadsheet and calculate the value of each cash fow in 2028. What is the sum of all future values? Part 3 10 A Attempt 1/10 for 10 pts. What is the present value of trie sum of future values calculated in the previous part? Part 4 E 1 - Attempt 1/10 for 10 pts. Now assume that the interest rate is 13%. What is the present value of all the gifts? Still assume that the interest rate is 13%. What is the future value of all the gifts? Part 6 (1) Attempt 1/10 for 10 pts. Now assume that the interest rate is 19%. What is the present value of all the gifts? Part 7 [ 1 - Attempt 1/10 for 10 pts. Still assume that the interest rate is 19%. What is the future value of all the gifts
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