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johnpaech johnpaech
wrote...
Posts: 1098
Rep: 7 0
6 years ago
Consider the following timeline:

If the current market rate of interest is 7%, then the future value of this timeline as of year 3 is closest to:
A) $1720
B) $1500
C) $1404
D) $1717
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
Read 35 times
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Replies
wrote...
6 years ago
A
Explanation:  A) FV = PV(1 + r)n

FV = 500(1.07)3 + 500(1.07)2 + 500(1.07)1 = $1719.97 or approximately $1720
johnpaech Author
wrote...
5 years ago
This course drove me insane!
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