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Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) (a) Click here to view factor tables.
Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) (a) Click here to view factor tables. What is the future value of $7,160 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.) The future value $ Click here to view factor tables. What is the present value of $7,160 due 7 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.)
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