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No justification needed Fast plz its an exam 1. What's the future value of $1,500 after 5 years if the appropriate interest 6 points rate
No justification needed Fast plz its an exam
1. What's the future value of $1,500 after 5 years if the appropriate interest 6 points rate is 6%, compounded annually? * a) $2,620 Ob) $5,016 O c) $2,007 O d) $1,500 e) None of the above 2. What's the present value of $5,500 received after 3 years if the appropriate interest rate is 10%, compounded annually?* 6 points O a) $3,620 Ob) $9,690 O c) $1,670 O d) $4,132 e) None of the aboveStep by Step Solution
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