Marareep98321 Marareep98321

06-03-2024
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Find the present value (PV) and the future value (FV) of an investment that makes the following end-of-year payments. The interest rate is 11%.

Year 1: 200
Year 2: 400
Year 3: 600
a) PV = 1,079.39; FV = 1,805.60
b) PV = 1,500.00; FV = 1,200.00
c) PV = 1,497.19; FV = 1,803.97
d) PV = 1,080.00; FV = 1,806.00

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