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QUESTION 24 PROBLEM 2 An antique clock is worth $750 today and is expected to grow in value at $% for ten years, followed by
QUESTION 24 PROBLEM 2 An antique clock is worth $750 today and is expected to grow in value at $% for ten years, followed by 4% growth for the next twenty years. What will be the value of the clock at the end of thirty years? O a. $3,547.84 O b. $3,262.44 O c. $1,619.19 o d. The confluence of the time value of money and telling time on an antique clock are incompatible and negate valuation techniques. o e. None of the above. QUESTION 25 PROBLEM 2 (Cont.) A $100 annual annuity for 20 years is worth $1.650 today. What is the interest rate? O a. 15.046 % O b. 8.25 % c. 16.5% d. 1.906 % O e. No solution
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