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Required a. The future value of $20,000 invested at 8 percent for 11 years. Future value S 43,179 b. The future value of eight annual
Required a. The future value of $20,000 invested at 8 percent for 11 years. Future value S 43,179 b. The future value of eight annual payments of $1,300 at 9 percent interest. Future value S 14,337 $14,337 c. The amount that must be deposited today (present value) at 6 percent to accumulate $43,000 in five years. Present value $ 29,265 d. The annual payment on a 10-year, 8 percent, $37,000 note payable
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