What would be second year future value

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Reference no: EM131570273

1. What is the future value of $625 deposited for one year earning an 8 percent interest rate annually?

2. A deposit of $790 earns interest rates of 8 percent in the first year and 11 percent in the second year. What would be the second year future value?

3. What is the present value of a $260 payment in one year when the discount rate is 8 percent?

Reference no: EM131570273

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