Question: Show all your work please. I need step by step solutions to solve all parts of the problem and show work. Will provide a positive
Show all your work please. I need step by step solutions to solve all parts of the problem and show work. Will provide a positive rating if answer for all parts is provided and work is shown
The following is the question that needs to be solved:

You plan to invest $1,000 per year in a diversified investment fund that you expect will earn a rate of return of 9% per year (its cost of capital). a. If you invest for 10 years (a total of $10,000), starting one year from today, what is the present value today of your total investment. b. What will be the expected future value of your total investment at the end of the 10 years
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