a. John invests $1,000 today at 6%. How much will John's investment grow to in five years?

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b. Mary is looking at an investment that will pay her $4,000 in two years. How much should Mary pay for this investment if she demands a rate of return of 6%? Which one of these is a future value problem? Which one is a present value problem?

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Taxation for Decision Makers 2014

ISBN: 9781118654545

6th edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Posted Date: Jan 04, 2021 05:13 PM

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a. John invests $1,000 today at 6%. How much will John's investment grow to in five years?

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Taxation for Decision Makers 2014

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