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Do compute a present value or a future value

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Reference no: EM133002225

Problem 1: You know the payment amount for a loan, and you want to know how much was borr owed. Do you compute a present value or a future value?

Problem 2: You want to receive 5,000 per month in retirement. If you can earn 0.75% per month and you expect to need the income for 25 years, how much do you need to have in your account at retirement?

Reference no: EM133002225

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