Question 1
What’s the future value of $1,300after6years if the appropriate interest rate is7.2%, compounded monthly?
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$1,999.85
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$2,023.28
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$2,104.44
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$2,230.66
Question 2
What’s the present value of $2,025discounted back6years if the appropriate interest rate is7.2%, compounded monthly?
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$1,169.34
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$1,274.36
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$1,316.35
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$1,330.59