Find the future value if the interest is compounded the ways

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Reference no: EM132002104

1. If $35,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.)

(a) Semiannually

(b) monthly

(c) daily (n=360)

(d) continuously

2. When determining relevant cash flows for project evaluation, we should _____.

a. add back in interest expenses after subracting taxes

b. discount interest expenses to the present

c. ignore interest expenses

Reference no: EM132002104

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