Compute the future values of the following first assuming that payments are made on the last day
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Question:
Compute the future values of the following first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period:
| Payment | Year | Interest Rate | |
| $ 123.00 | 13 | 13% | |
| 4,555 | 8 | 8% | |
| 74,484 | 5 | 10% | |
| 167,332 | 9 | 1% | |
Expert Answer:
Related Book For 
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
Posted Date:
