1. what is the present value of $1,000 to be received 10 years

1.     What is the present value of $1,000 to be received 10 years from today? Assume that the investment pays 8.5% and it is compounded monthly (round to the nearest $1). a.     $893 b.     $3,106 c.     $429 d.     $833 2.     The future value of $500 deposited into an account paying 8% annually for three years is: a.     $500. b.     $630. c.     $700. d.     $620. 3.     Pacific […]

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