Using the proper interest table answer each of following, Ask an Expert

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Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.)

a) What is the future value of $7,000 at the end of 5 periods at 8% compounded interest?

b) What is the present value of $7,000 due 8 periods hence, discounted at 11%?

c) What is the future value of 15 periodic payments of $7,000 each made at the end of each period and compounded at 10%?

d) What is the present value of $7,000 to be received at the end of each of 20 periods, discounted at 5% compound interest?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9205155

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