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Using the following figures complete the questions below: A-Suppose that you grow money in an account for four years at a return rate of 10%.
Using the following figures complete the questions below: A-Suppose that you grow money in an account for four years at a return rate of 10%. Then this future amount is later invested for another four years. If your money triples by the end of the eight years total, then (to one decimal) what rate of return did you earn over the latter four years? B-What is the present value of the following uneven stream? C-Compare your answers of A and B
Suppose that you grow money in an account for four years at a return rate of 10%. Then this future amount is later invested for another four years. If your money triples by the end of the eight years total, then (to one decimal) what rate of return did you earn over the latter four years? 100 FV4 FV8=300 A + 0 4 8 What is the present value of the following uneven stream? 240 795 628 179 E k= 11.5% B 0 1 2 3Step by Step Solution
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