Question: Future Value. What is the future value of b. $650 invested for 15 years at 14 percent compounded annually? 2. Present Value. What is the

Future Value. What is the future value of b. $650 invested for 15 years at 14 percent compounded annually?

2. Present Value. What is the present value of

a. $453 to be received 8 years from now at a 14 percent discount rate?

b. $1200 to be received 7 years from now at a 12 percent discount rate?

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