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Compute the future value of annual payments

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Reference no: EM132984355

Compute the future value of annual payments of $100, paid for 5 years, with an interest rate of 8% (compounded).

Equation 4.17:

FVn=CF1×(1+r)N-1+CF2×(1+r)N-2+...CFn

Reference no: EM132984355

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