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Calculate how much had been invested ten years ago

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Problem 1: An investor had invested a sum of money for 10 years at 5% p.a. The sum is now worth $89,589.20. Calculate how much had been invested 10 years ago.

Problem 2: An annuity gives $1,500 at the end of each year for ten years with the current interest rate in the market is at 6 percent per annum.

(i) Compute the future value of this investment in ten years' time.

(ii) Compute the present value of this investment.

Reference no: EM132811421

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