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Use the Tables to Determine the Answers to the Following

Question 48

Essay

Use the tables to determine the answers to the following:
(1)How much must be invested now for 5 periods at 6% to amount to $15,000?
(2)How much is $3,000 invested now at 8% in 8 periods worth?
(3)How much is $25,000 compounded semi-annually at 12% for 4 years? Use the tables to determine the answers to the following: (1)How much must be invested now for 5 periods at 6% to amount to $15,000? (2)How much is $3,000 invested now at 8% in 8 periods worth? (3)How much is $25,000 compounded semi-annually at 12% for 4 years? Use the tables to determine the answers to the following: (1)How much must be invested now for 5 periods at 6% to amount to $15,000? (2)How much is $3,000 invested now at 8% in 8 periods worth? (3)How much is $25,000 compounded semi-annually at 12% for 4 years? Use the tables to determine the answers to the following: (1)How much must be invested now for 5 periods at 6% to amount to $15,000? (2)How much is $3,000 invested now at 8% in 8 periods worth? (3)How much is $25,000 compounded semi-annually at 12% for 4 years? Use the tables to determine the answers to the following: (1)How much must be invested now for 5 periods at 6% to amount to $15,000? (2)How much is $3,000 invested now at 8% in 8 periods worth? (3)How much is $25,000 compounded semi-annually at 12% for 4 years?

Correct Answer:

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(1)$11,205...

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