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Please Solve and Explain Future Value of a Single Sum What is the future value of $2,000 when invested for 5 years at: a. 8%

image text in transcribedPlease Solve and Explain
Future Value of a Single Sum What is the future value of $2,000 when invested for 5 years at: a. 8% per year compounded annually b. 8% per year compounded semiannually c. 8% per year compounded quarterly Present Value of a Single Sum What is the present value of $10,000 received 8 years from now when the interest rate is: a. 8% per year compounded annually b. 8% per year compounded semiannually c. 8% per year compounded quarterly Future Value of an Annuity (the = fv function) Find the future value of the following annuities. a. $6,000 per year at 5% per year for 15 years b. $1, 500 per quarter at 5% per year for 15 years c. $500 per month at 5% per year for 15 years Present Value of an Annuity Find the present value of the following annuities. a. $6,000 per year at 5% per year for 15 years b. $1, 500 per quarter at 5% per year for 15 years c. $500 per year at 5% per year for 15 years

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