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2.03 points a. In 12 yeare at 10 percent? IDo not round intermediate calculations. Round your final anewer to 2 decimal places b. In 17 yat paa? (Da not round indermadiate caleulation. Round your final answer to 2 decimal placea.) c. In 25 yeers atヴpercent? IDo not round intermediate calculations. Round yourtnal answer 1o 2 decimal places.

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Future Value is the value where amount invested today will grow overtime when interest is compounded.

Formul for Future Value, FV C (1r)An where CO is cash flow at period 0 r is rate of return n is no of period $14,500 10% 12 Ans a CO $14500 x(1+10%/12 FV FV $45,507.21 $14,500 5% 17 Ans b CO $14500 x(1+6%/17 FV FV 39,045.21 $14,500 6% 25 Ans c CO $14500 x(1+6%)125 FV FV $62,232.13

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