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You have $600 in an account which pays 4.9% compounded annually. If you invest your money for 5 years, then how many dollars of interest
You have $600 in an account which pays 4.9% compounded annually. If you invest your money for 5 years, then how many dollars of interest will you earn by the end of the term? The amount of interest you will earn by the end of the term is $. (Round to the nearest cent.) Ted Roberts has been offered the following future payments n years from today. If his opportunity cost is i, compounded annually, what value would he place on each opportunity? Present Value (S) Future Value ($) 9,500 5,700 6,500 2,800 Interest Rate(%) 5 7 17 12 Years 13 26 29 21 Future Value ($) 9,500 Interest Rate(%) 5 Years Present Value (S) (Round to the nearest cent.) 13
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