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Questions and Answers
What is the total payment made over the 1 year period?
What is the total payment made over the 1 year period?
- $18,421.00
- $18,420.60 (correct)
- $18,420.00
- $18,420.40
What is the present value of the investment?
What is the present value of the investment?
- $18,500.00
- $18,200.00 (correct)
- $18,000.00
- $18,300.00
What would be the future value of the investment after 1 year?
What would be the future value of the investment after 1 year?
- $18,700.00
- $18,900.00 (correct)
- $18,800.00
- $18,600.00
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Study Notes
Financial Calculations
- The total payment made over the 1-year period is to be determined.
- The present value of the investment is to be calculated.
- The future value of the investment after 1 year is to be calculated.
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