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SECTION IV TIME VALUE OF MONEY 20 POINTS (5 POINTS EACH) IF USING EXCEL FOR CALCULATIONS, INDICATE FACTORS USED FOR ALL ARGUMENTS ALL PERCENTAGES AND
SECTION IV TIME VALUE OF MONEY 20 POINTS (5 POINTS EACH) IF USING EXCEL FOR CALCULATIONS, INDICATE FACTORS USED FOR ALL "ARGUMENTS" ALL PERCENTAGES AND DOLLAR AMOUNTS SHOULD BE EXTENDED 2 DECIMALS 1. Your uncle offers you a choice of $115,000 in 10 years or $52,000 today. If the money is discounted at 9%, which should you choose? 2. If you invest $9,500 per period for the following number of periods, how much would you have? A. 10 years at 10% B. 15 years at 9% 3. Mrs. Crawford will receive $9,600 a year for the next 18 years from her trust. If a 12% interest rate is applied, what is the current value of the trust? 4. You invest $15,000 in a rare, mint condition coin. You expect the coin to increase in value 12% per year for the next 10 years. How much will your coin be worth after 10 years
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