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What is the present value due in ten years

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Question 1: What is the present value of $1,552.90 due in 10 years at (1) a 12 percent discount rate and (2) a 6 percent rate?

Question 2: Find the amount to which $500 will grow in five years under each of the following conditions:
a. 12 percent compounded annually
b. 12 percent compounded semiannually
c. 12 percent compounded quarterly
d. 12 percent compounded monthly

Question 3: Find the present value of $500 due in five years under each of the following conditions:
a. 12 percent simple rate, compounded annually
b. 12 percent simple rate, compounded semiannually
c. 12 percent simple rate, compounded quarterly
d. 12 percent simple rate, compounded monthly

 

Reference no: EM132658898

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