Computing fv and pv of ordinary annuity

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Reference no: EM1329498

Question 1

You deposit $8,000 into a retirement account at the end of the next 12 years earning 10% interest, what is the future value of your retirement after 12 years?

Question 2

You will receive $2,000 at the end of the next 12 years, assuming a 6% discount rate, what is the present value of the cash flows?

Reference no: EM1329498

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