Essay
Compute the future value for each of the following amounts.
a. $200,000 invested today for 8 years if annual interest rate is: (1) 10% compounded annually or (2) 10% compounded semiannually
b. $20,000 received at the end of each year for the next 4 years if the money is worth 8% per year compounded annually
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a. Future value of a sum of $200,000 at ...View Answer
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