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Your rich auntie promised to give you money in 1 year if you graduate from Cal Poly by then. After taking enough FR 3000 lectures
Your rich auntie promised to give you money in 1 year if you graduate from Cal Poly by then. After taking enough FR 3000 lectures you know that a wise thing to do would be to invest money and let it grow! And to your plan is to take the money that your auntie will give you and invest it for 7 years at an annual rate of 3.5% 50, how much money should you ask your rich auntie to give you if your goals to have $12.000 in your bank account 8 years from today? (Pick the number that corresponds to the correct answer in the list In this problem, you will be calculating below.) 1 Present Value of an annuity 2 L.Present Value of a single cash flow 3 Future Value of an annuity Future Value of a single cash flow 4 In this problem, you will use for the number of time periods in your formula for in the financial calculator Your numerical answer to this problem is (Pick the number that corresponds to the correct answer in the list below.) increase decimal plates for any intermediate calculations from the deal to 5 or higher Only round your Tinal answert: TWO decimal places for example, $10,000,29 1 57.910:31 2 57,986.73 3 , 4 l 45.80260 5 $9.255 OS 659,560 45
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