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Question 6 (1 point) Find the future value of an initial $450 compounded annually for 14 years at 9%. (Answer to the nearest cent. i.e.
Question 6 (1 point) Find the future value of an initial $450 compounded annually for 14 years at 9%. (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer Question 4 (1 point) An investment is expected to result in equal payments of $25 at the end of each of the next 3 years (ordinary annuity). If the appropriate required rate of return (discount rate) is 5%, what is the present value of the annuity stream? (annual compounding) $68.08 $74.93 $21.60 -$68.08
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