Values for lump sum assuming annual compounding

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Reference no: EM131893328

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

a. The future value of $7,500 invested at 4.52 percent for one year

b. The future value of $7,500 invested at 4.52 percent for five years

c. The present value of $8,700 to be received in one year when the opportunity cost rate is 3.5 percent

d. The present value of $8,700 to be received in five years when the opportunity cost rate is 3.5 percent

Reference no: EM131893328

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