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UGBA 103 #1--2016 1.Calculate the future value of $1,000 invested today for 10 years with an annual rate of return of 6% paid daily. Also

UGBA 103 #1--2016

1.Calculate the future value of $1,000 invested today for 10 years with an annual rate of return of 6% paid daily. Also calculate the effective annual return.

UGBA 103 #1--2016

2.Today you invest $500, and will also invest $500 at the beginning of each of the next three years. The annual rate of return is 4.80% paid quarterly. Calculate the future value of this investment in 6 years.

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