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Read these two statements: a. John invests $1,000 today at 6%. How much will John's investment grow to in five years b. Mary is looking
Read these two statements: a. John invests $1,000 today at 6%. How much will John's investment grow to in five years b. Mary is looking at an investment that will pay her $4,000 in two years. How much should Mary pay for this investment if she demands a rate of return of 6%? Which one of these is a future value problem Which one is a present value problem Referring to Question 1, answer statement a; then answer statement b Bill invests $1,000 today at 8% interest. We want to calculate the amount this investment will grow to in 20 years. Can you create formula that will compute this future value Fill in the following table
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