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please show answers step by step.thank you. 1. If ( $ 500,000 ) is invested at ( 9 % ) per annum, how much will
please show answers step by step.thank you. 1. If \( \$ 500,000 \) is invested at \( 9 \% \) per annum, how much will have accumulated after 12 years? 2. How much would you pay today for the right to receive \( \$ 7,000,000 \) in 6 years, using 2 answers
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
