Question: PROBLEM 1 Find the following values for a lump sum assuming annual compounding: a. The future value of $7,500 invested at 4.52 percent for one
| PROBLEM 1 | |||||||||
| Find the following values for a lump sum assuming annual compounding: | |||||||||
| a. The future value of $7,500 invested at 4.52 percent for one year | |||||||||
| b. The future value of $7,500 invested at 4.52 percent for five years | |||||||||
| c. The present value of $8,700 to be received in one year when the opportunity cost rate is 3.5 percent | |||||||||
| d. The present value of $8,700 to be received in five years when the opportunity cost rate is 3.5 percent | |||||||||
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