How much would be in your savings account in 11 years after depositing $150 today if the bank pays 8 percent per year?
Answer to relevant QuestionsCompute the value in 25 years of a $1,000 deposit earning 10 percent per year.What is the present value of a $1,500 payment made in nine years when the discount rate is 8 percent?Which cash flow would you rather pay, $425 today or $500 in two years if interest rates are 10 percent? Why?How long will it take $2,000 to reach $5,000 when it grows at 10 percent per year?You are scheduled to receive a $500 cash flow in one year, a $1,000 cash flow in two years, and pay an $800 payment in three years. If interest rates are 10 percent per year, what is the combined present value of these cash ...
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