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You want to invest $20,000 today to accumulate $32,000 for graduate school. If you can invest at an interest rate of 10% comp

Assume a contract for the sale of goods specifies that cash is collected 19 months prior to delivery of a product. The seller

An uncle asks to borrow $500 today and promises to repay you $1,210 two years from now. To find the annual interest rate you

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Answer #1

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Answer is B) future value of $1 table, for the factor closest to 1.6

Since $32000/20000 = 1.6, i.e. $1 will become $1.6 after how many years.
Whereas Present Value is value of future value today which we already have, so other options are incorrect

As per HOMEWORKLIB RULES we are suppose to answer 1 question, i have answered 1, so kindly post others separately

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