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You want to sell your three - year old car privately to an individual, and have placed an ad in the classified section of the
You want to sell your threeyear old car privately to an
individual, and have placed an ad in the classified section of the
newspaper. You are asking $ but a potential customer
has offered you $guaranteed by a bank payable to you
four years from now. If you believe a fair interest rate on a
personal loan is determine which is more advantageous to
you, $ today or the present value of $ guaranteed
four years from now?
You invest $ During the first year the investment
earned for the year. During the second year, you earned
only for that year. How much is your original deposit
worth at the end of the two years?
Find the future value of $ invested for years. The
current fiveyear interest rate is Rates for the second and
third fiveyear periods are expected to be and
respectively.
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