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If Today Is Year 0,what Is the Future Value of the Following

question 77

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If today is year 0,what is the future value of the following cash flows 10 years from now? Assume an interest rate of 7.8 percent per year. If today is year 0,what is the future value of the following cash flows 10 years from now? Assume an interest rate of 7.8 percent per year.   A) $35,211.57 B) $37,235.16 C) $40,822.55 D) $42,321.68 E) $44,564.54


Definitions:

Reddish Streak

The color mark left by a mineral when it is dragged across an unglazed porcelain plate.

Hematite

An iron oxide mineral that is one of the main ores of iron, recognized by its reddish-brown color.

Magnetite

A naturally occurring magnetic mineral, consisting of iron oxide, often mined as an iron ore.

Perpendicular Directions

This refers to two lines or directions that intersect at a 90-degree angle.

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