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What would be the future value

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Use a financial calculator or computer software program to answer the following questions:

a. What would be the future value (FV) of $7,455 invested annually for nine years beginning one year from now if the annual interest rate is 19 percent?

b. What would be the present value (PV) of a $9,532 annuity for which the first payment will be made beginning one year from now, payments will last for twenty-seven years, and the annual interest rate is 13 percent?

Reference no: EM131856491

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