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Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) What is the future value of $7,
Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.)
What is the future value of $7, 560 at the end of 5 periods at 8% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458, 581.) What is the present value of $7, 560 due 8 periods hence, discounted at 6%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458, 581.) What is the future value of 17 periodic payments of $7, 560 each made at the end of each period and compounded at 10%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458.581.) What is the present value of $7, 560 to be received at the end of each of 17 periods, discounted at 5% compound interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458.581.)Step by Step Solution
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