You have an investment that will pay you 1.13 percent per month. a. How much will...

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You have an investment that will pay you 1.13 percent per month. a. How much will you have per dollar invested in one year? (

business finance

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Answer 1

Answer #1

a. PV =1
FV =PV*(1+r)^n =1*(1+1.13%)^12 =1.14

b. PV =1
FV =PV*(1+r)^n =1*(1+1.13%)^24 =1.31

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Answer 2

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