What is the future value in 5 years of 45000 invested
Assume the interest rate is 7 percent (compounded annually).
a. What is the future value in 5 years of $45,000 invested today.
b. future value in 5 years of $100,000 invested annually.
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assume the interest rate is 7 percent compounded annuallya what is the future value in 5 years of 45000 invested todayb
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