What will be the value of this gift
Problem
Kara George received a $10,000 gift for graduation for her uncle. If she deposits this in an account paying 3 percent find out.
Question:
What will be the value of this gift in 12 years?
Please provide all calculation and formulas.
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Assuming that you will continue to manage the portfolio from now to eternity, what is the present value of the management contract? (Do not round intermediate calculations. Enter your answer in millions rounded to 1 decimal place.)
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Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced saving over the next 10 years? (Assume an annual deposit to her savings account, and an annual interest rate of 4 percent.) Show work all work
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