1. How much must you have in the bank now in order to have a balance of...

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1. How much must you have in the bank now in order to have a balance of $100 five years from now? (Assume that the money you have in the bank will grow at a rate of 4% per year.)

2. What is the future value of an annuity due that pays $2,500 per year for 10 years? The appropriate interest rate is 9 percent.

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Introduction to Corporate Finance What Companies Do

ISBN: 978-1111222284

3rd edition

Authors: John Graham, Scott Smart

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Posted Date: May 09, 2024 07:36 AM

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1. How much must you have in the bank now in order to have a balance of...

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Introduction to Corporate Finance What Companies Do

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