a. Using the Present Value formula as:
PV = FV 1/(1+R)n
PV = 100/(1+0.0026)10
= $97.44
b. To find the Future value of Equal Investments of $19 made at the
beginning of each year for 14 years at 0.09 Simple Interest rate
using formula:
FV = PV (1xR)n
FV = 19 (1x0.09)14
= $267.8
What is the present value of $100 ten years from now if the simple rate of...
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