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Determine the future values

Question 1. Determine the future values if $5,000 is invested in each of the following situations:

A. 5 percent for ten years.
Future value=$5,000 x (+ 5

Question 2. Determine the annual payment in a 415,000, 12 percent business loan from a commercial bank is to be amortized over a five-year period.

PVA= PMT(PVIFA 10%4)
$415,000= PMT (3.605)

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Finance Basics: Determine the future values

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