1 compute the future value in year 7 of a 3400 deposit in, Ask an Expert

Finance

1. Compute the future value in year 7 of a $3,400 deposit in year 1 and another $2,900 deposit at the end of year 4 using a 8 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

2. Explain the role of the federal reserve and our economy.

3. Duration is defined as the weighted average time to maturity of a financial instrument. List at least four other key things you know about duration.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92790681

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