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Using the appropriate interest table, answer each of the following questions. (a) What is the future value of $7,480 at the end of 8 periods
Using the appropriate interest table, answer each of the following questions.
(a) What is the future value of $7,480 at the end of 8 periods at 8% compounded interest?
(b) What is the present value of $7,480 due 8 periods hence, discounted at 11%?
(c) What is the future value of 16 periodic payments of $7,480 each made at the end of each period and compounded at 10%?
(d) What is the present value of $7,480 to be received at the end of each of 18 periods, discounted at 5% compound interest?
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