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You can use formulas, Excel, or a financial calculator to complete this homework. Please document your answers. Answers without proper documentation will not receive full

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You can use formulas, Excel, or a financial calculator to complete this homework. Please document your answers. Answers without proper documentation will not receive full credit. If you decide to use Excel, you can upload the Excel file along with this document. If you do that no additional documentation will be needed. Please round to two decimal places Problem 1 Find the following values: a The future value of a lump sum of $6,000 invested today at 9 percent, annual compounding for 7 years. b. The future value of a lump sum of $6,000 invested today at 9 percent, quarterly compounding for 7 years. c. The present value of $6,000 to be received in 7 years when the discount rate is 9%, annua compounding d. The present value of $6,000 to be received in 7 years when the discount rate is 9% quarterly compounding e. What is the present value of an ordinary annuity who pays $1,500 per year for ten years at 8 percent? f. What is the present value of an annuity due who pays $1,500 per year for ten years at 8 percent? g. What is the future value of an ordinary annuity who pays $1,500 per year for ten years at 8 percent? h. What is the future value of an annuity due who pays $1,500 per year for ten years at 8 percent

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