What is the future value and present value

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1. What is the future value of $490 per year for 8 years compounded annually at 9 percent?

The future value of $490 per year for 8 years annually at 9 percent is _____(Round to the nearest cent)

2. What is the present value of $3,500 per year for 10 years discounted back to the present at 10 percent is $_____(Round to the nearest cent)

Reference no: EM13907301

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