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    Principles of Managerial Finance
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    Exam 5: Time Value of Money
  5. Question
    Calculate the Future Value of an Annuity of $5,000 Each
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Calculate the Future Value of an Annuity of $5,000 Each

Question 75

Question 75

Essay

Calculate the future value of an annuity of $5,000 each year for eight years, deposited at 6 percent.

Correct Answer:

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FV = CF[(1 + r)n - 1] ...

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