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How do calculate the future value

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Reference no: EM133009934

Problem 1: Someone invested $13,000 fifty years ago and it has been earning 9% (annual) the entire time. How much is it worth now?

Group of answer choices

Option 1: 58,500.00

Option 2: 71,500.00

Option 3: 966,647.00

Option 4: 287,566.00

Problem 2: Calculate the future value given: Present value = $100, Interest rate = 5% (annual), Number of years = 7 (assume annual compounding).

Group of answer choices

Option 1: 140.71

Option 2: 105.00

Option 3: 102.95

Option 4: 814.20

Reference no: EM133009934

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