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You are going to deposit certain amount in the next four years. Your saving account offers 10% of annual interest rate. First year: $500 Second
- You are going to deposit certain amount in the next four years. Your saving account offers 10% of annual interest rate.
First year: $500
Second year: $600
Third year: $700
Fourth year: $800.
How much is the lump sum value as of today (NPV)?
- 2304.81
- 2022.74
- 1900.00
- 2913.52
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
