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1. (a) If you deposit $1,200 in the bank today, what is its future value at the end of four years if it is invested in an account paying 7.5% annual interest, assuming annual compounding?
(b) What is the present value of $1,200 to be received in four years if the appropriate interest rate is 7.5% (annual compounding)?
suppose the current spot price of wheat is 10 bushel while the futures price for wheat with delivery date of 1 year
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Peter land a loan of $328,337.1919 from George. The loan will be repaid over the next twenty-four years, beginning from the end of the next years. The Real interest expense for the first year is $15,785.44189.
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You are a freshman in college and are planning a trip to Europe when you graduate from college at the end of four years. You plan to save the following amounts annually, starting today.
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