Values for lump sum assuming annual compounding

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Reference no: EM131291847

Find the following values for a lump sum assuming annual compounding:

a. The future value of $1500 invested at 7 percent for one year

b. The future value of $1500 invested at 7 percent for five years

c. The present value of $1500 to be received in one year when the opportunity cost rate is 7 percent

d. The present value of $1500 to be received in five years when the opportunity cost rate is 7 percent

Reference no: EM131291847

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