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Show working and steps used to calculate future values. Q1. Suppose an investor deposits $ 3,000 today in an interest bearing account at a local

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Show working and steps used to calculate future values. Q1. Suppose an investor deposits $ 3,000 today in an interest bearing account at a local bank. The account pays 4.5% interest compounded annually and the investor expects to withdraw the original principal, plus the accumulated interest, at the end of five years. What is the future value (FV) of this investment at the end of five years (use financial calculator)? Solution: N PV PMT FV 0 ?? 5 4.5 (-)3,000 FV=

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