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Time Value of Money
Essay specific features
Written by:
Enola D
Date added:
July 21, 2015
Level:
University
Grade:
A
No of pages / words:
2 / 342
Was viewed:
7104 times
Rating of current essay:
Essay content:
How much will she have in the account at the end of the seventh year?
A.
Traditional method of finding the Future Value:
FV end of year 1 = $33,000+0.10($33,000) = $36,300
FV end of year 2 = $33,000+0.10($36,300) = $39,930
FV end of year 3 = $33,000+0.10($39,930) = $43,923
FV end of year 4 = $33,000+0...
displayed 300 characters
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Q. Mary and Joe would like to save up to $10,000 by the end of three years from now to buy new furniture for their home. They currently have $2500 in a savings account set aside for the furniture. They would like to make equal year end deposits to this savings account to pay for the furniture when they purchase it three years from now...
displayed 300 characters
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