1 Question 1 What is the value at the end of third year of 700 payable at...

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Question 1 What is the value at the end of third year of 700 payable at the end of 10th year if the annual effective interest rate is 5%? (in other words, what is the value at the end of third year of 700 which will be paid at the end of the tenth year, if i = 0.05) (use a decimal number, rounded to the nearest 100th, without $ sign. For example, 123.45) *This question has a weight of two correctness points. Typed numeric answer will be automatically saved. Question 1 What is the value at the end of third year of 700 payable at the end of 10th year if the annual effective interest rate is 5%? (in other words, what is the value at the end of third year of 700 which will be paid at the end of the tenth year, if i = 0.05) (use a decimal number, rounded to the nearest 100th, without $ sign. For example, 123.45) *This question has a weight of two correctness points. Typed numeric answer will be automatically saved.

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