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NEED YOUR HELP THANK YOU! WANEFMAC7 3.2.010. Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the
NEED YOUR HELP THANK YOU!
WANEFMAC7 3.2.010. Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 10.1% per year, compounded monthly, after 8 years FV=$ Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. (Round your answer to the nearest cent.) 4 years, at 8% per year, compounded annually PV=$ Find the effective annual interest rate r of the given nominal annual interest rate. Round your answer to the nearest 0.01%. 4% compounded quarterly r=% Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate. Round your answer to the nearest 0.01%. 4% compounded monthly r=%Step by Step Solution
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