1b. How many years will the following take? $607 to grow to $19,528 if invested...
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1b.
How many years will the following take? $607 to grow to $19,528 if invested at 12.84 percent, compounded annually.
Round the answer to two decimal places.
2d.
What is the accumulated sum of the following stream of payments? $2,677 every year at the end of the year for 6 years at 4.61 percent, compounded annually.
Round the answer to two decimal places.
2e.
You are given an investment to analyze. The cash flows from this investment are
End of year 1. $29,960 2. $1,190 3. $12,160 4. $6,830 5. $9,220
What is the present value of this investment if 15 percent per year is the appropriate discount rate?
Round the answer to two decimal places.
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