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Problem 2. What is the future value, ten years from now, of ten $1,000 cash flows using a periodic interest rate of 8% compounded
Problem 2. What is the future value, ten years from now, of ten $1,000 cash flows using a periodic interest rate of 8% compounded annually? The cash flows are made at the end of each year.
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
