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pls ans asap thank you Mike is planning to invest his savings in a savings account. He manages to deposit $1,000 at the end of
pls ans asap thank you
Mike is planning to invest his savings in a savings account. He manages to deposit $1,000 at the end of the first year, $700 at the end of the second year, $1,500 at the end of the third year, and $600 at the end of the fourth year. If the account earns 7 percent interest each year, what is the terminal value of this uneven cash flow stream? (Round your answer to two decimal places.) a. $4,231.47 b. $3,580.42 C. $3,698.21 d. $3,725.85 If the opportunity cost rate is 6% compounded annually, what is the present value of $12,100 due to be received in 11 years? Use the equation method to determine the present value. (Round your answer to two decimal places.)15. a. $6,374.13 b. $6,520.41 C. $6,685.85 d. $6,751.26 John's opportunity cost rate is 12 percent compounded annually. How much must he deposit in an account today if he wants to receive $4,500 at the end of each of the next eight years? Use the equation method to determine the amount to be deposited today. (Round your answer to two decimal places.) a. $17,225.52 b. $19,889.90 C. $22,354.38 d. $24,110.10Step by Step Solution
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