using the time value of money to compute the present and future values of single lump sums and annuities.

Project Description:

your best friend just received a gift of $7000 from his favorite aunt. he wants to save the money to use as "starter" money after college. he can invest it (1)risk free at 6%, (2) taking on moderate risk at 8%, or (3)taking on high risk at 14%.

1. help your friend project the investment's worth at the end of four years under each investment strategy and explain the results to him.
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Price Type: Negotiable

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