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Business, 18.03.2021 01:30 robert7248

Computing the Time Value of Money. Using a financial calculator or time value of money tables in the Chapter Appendix, calculate the following. a. The future value of $450 six years from now at 7 percent. b. The future value of $900 saved each year for 10 years at 8 percent. c. The amount a person would have to deposit today (present value) at a 6 percent interest rate to have $1,000 five years from now. d. The amount a person would have to deposit today to be able to take out $600 a year for 10 years from an account

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