Using the time value of money to compute the present and

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Using the time value of money to compute the present and future values of single lump sums and annuities. Assume you make the following investments:

a. You invest $8,000 for five years at 14% interest.

b. In a different account earning 14% interest, you invest $1,750 at the end of each year for five years.

Requirement

1. Calculate the value of each investment at the end of five years.

Reference no: EM13483827

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