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Question 7 (1 point) 3 Future value of a lump sum and present value of a lump sum may be calculated using their formulas in

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Question 7 (1 point) 3 Future value of a lump sum and present value of a lump sum may be calculated using their formulas in two ways: 1) looking up the applicable factor in the present value or future value tables and then multiplying that factor by the appropriate lump sum amount or 2) calculating the applicable factor using a calculator and then multiplying that factor by the appropriate lump sum amount. True False

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