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How much will investment be worth fifteen years from now

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Reference no: EM132958119

Problem 1: You will be receiving $8,769 one year from now. What is the present value of this amount at a discount rate of 11.65 percent?

A. $7,854.01

B. $7,747.41

C. $8,201.16

D. $8,414.32

E. $10,215.89

Problem 2: This morning you invested your tax refund of $2,220 at an interest rate of 4.8 percent, compounded annually. How much will this investment be worth 15 years from now?

A. $3,818.40

B. $2,175.57

C. $4,094.15

D. $4,485.10

E. $5,121.60

Reference no: EM132958119

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