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Part II: Time Value of Money (44 Points) 1) In 2009, your grandparents invested $305,984.99 in a citrus processing plant deal paying annual interest rate
Part II: Time Value of Money (44 Points) 1) In 2009, your grandparents invested $305,984.99 in a citrus processing plant deal paying annual interest rate of 12 percent with the instructions that you withdraw the money when you graduate from college in 2021. i) Calculate the future value of the total investment at maturity. (5 points) ii) Calculate the difference between future value of the total investment at maturity and the amount initially invested. (3 points)
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