What is the future value of a lump sum
1) What is the present value of a $100 lump sum to be received in 5 years if the opportunity cost rate is 10 percent?
2) What is the future value of a $250 lump sum invested for 5 years in an account paying 7.8% percent interest?
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You want to withdraw $3000 once year at the begining of each year for 5 years. r=8%. How much money do you need to deposity now to fund the account fully?
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What is the present value of a $100 lump sum to be received in 5 years if the opportunity cost rate is 10 percent?What is the future value of a $250 lump sum invested for 5 years in an account paying 7.8% percent interest?
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