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What is the value today of receiving a single payment

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Reference no: EM132129676

1. If you deposit $1,832 into an account paying 06.00% annual interest compounded monthly, how many years until there is $32,447 in the account?

2. What is the value today of receiving a single payment of $13,701 in 29 years if your required rate of return on this investment is 28.00% compounded semi-annually?

3. If you deposit $713 at 06.00%annual interest compounded daily, how much money will be in the account after 11 years? (Assume that there are 364 days in a year)

4. Suppose you deposit $615 today, $162 in one year, and $636 in two years in an account that pays an annual rate of interest of 14.00%. How much money will be in the account after three years?

Reference no: EM132129676

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