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Find the future value of dollar ten received today

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Present and Future Values

Problem (a) Find the future value of $10 received today and deposited for 2 years at 5%.

Problem (b) Find the present value of $10 to be received 2 years from now, assuming an opportunity cost of 5%.

Problem (c) Find the future value of an ordinary annuity of $10 each year for 2 years, deposited at 5%.

Problem (d) Find the present value of an ordinary annuity of $10 each year for 2 years, deposited at 5%.

Reference no: EM132837849

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