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Your aunt offers you a choice of $ 2 5 , 0 0 0 in 5 0 years or $ 1 0 0 today. If
Your aunt offers you a choice of $ in years or $ today. If money is
discounted at which should you choose?
How much would you have to invest today to receive:
a $ in six years at
b $ in fifteen years at
c $ each year for ten years at
d $ each year for forty years at
Your roommate invests $ in a mintcondition Mickey Mantle rookie baseball
card. He expects the card to increase in value by a year for the next five
years. After that, he anticipates a annual increase for the next three years.
At the end of eight years, he plans to sell it What is the projected value of the
card at that time?
At a growth interest rate of annually, how long will it take for a sum of
money to double? To triple? Select the year that is closest to the correct answer.
Determine the amount of money in a savings account at the end of four years,
given an initial deposit of $ and an annual interest rate when interest is
compounded:
a annually.
b semiannually.
c quarterly.
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