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1. You are given an investment to analyze. The cash flows from this investment are, End of year: 1. $1,555 2. $3,720 3. $817 4. $2,484 5. $1,432. What is the future value of this investment at the end of year five if 18.54 percent per year is the appropriate interest (discount) rate?

2. Jcohn plans to buy a vacation home in 7 years from now and wants to have saved $72,564 for a down payment. How much money should he place today in a saving account that earns 7.70 percent per year (compounded daily) to accumulate money for his down payment?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92797258

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