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Just want to verify my answers. 1)$3156.19 2)$2977.54 3)$1,980.23 4)$2,099.05 5)$6312.38 6)$3137.06 Future Value Computation At the beginning of the year you deposit $2,500 in
Just want to verify my answers.1)$3156.19
2)$2977.54
3)$1,980.23
4)$2,099.05
5)$6312.38
6)$3137.06
Future Value Computation At the beginning of the year you deposit $2,500 in a savings account. How much will accumulate in four years if you earn 6% compounded annually? Future Value Computation You deposit $2,500 at the end of every year for four years. How much will accumulate in four years if you earn 6% compounded annually? Present Value Computation You will receive $2,500 in four years. What is the present value if you can earn 6% interest compounded annually? Present Value Computation You receive $2,500 at the end of every year for four years. What is the present value of these receipts if you earn 6% compounded annually? Future Value Computation What amount will be accumulated in six years if $5,000 is invested today at 5% interest compounded annually? Present Value Computation You are scheduled to be paid $5,000 in eight years. What amount today is equivalent to the $5,000 to be received in eight years assuming interest is compounded annually at 6%Step by Step Solution
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