Future Value
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Future Values- Compute the future value of a $100 cash flow for the same combinations of rates and times as in problem 1.
a. r= 8 percent. t= 10 years
b. r=8 percent t = 20 years
c. r=4 percent t= 10 years
d. r=4 percent t= 20 years
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Solution Summary
The solution explains how to calculate the future values
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Future value can be found using the FVIF table. Look for the factor under the given time and rate
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