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An investment will pay $212 two years from now, $685 four years from now, and $1,880 five years from now. Your client is going to reinvest these cash flows at a rate of 14.52 percent per year. What is the future value of this investment at the end of year five?
Round the answer to two decimal places.
You have decided to place $215 in equal deposits every month at the beginning of the month into a savings account earning 13.64 percent per year, compounded monthly for the next 11 years. The first deposit is made today. How much money will be in the account at the end of that time period?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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