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Mrs. Marconi is very happy for knowing how to calculate future values and present values, because this helps her in taking this type of decisions.
Mrs. Marconi is very happy for knowing how to calculate future values and present values, because this helps her in taking this type of decisions. Having said that, she wonders what the future value of the flat will be in 40 years, if the interest rate for this type of operations is an annual 1.5% (comp. monthly). Can you help her? Explain your answer and show your calculations. (10 points)
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