FIN 515 Week 2 Homework Problem Set

# FIN 515 Week 2 Homework Problem Set

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Week 2 Problem Set Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format , where flastname is your first initial and you last name, and submit it to the appropriate dropbox. Chapter 4 (pages 132136): 3. Calculate the future value of 2000 in years at an interest rate of 5% per year; FV5 2,000()5 2, years at an interest rate of 5% per year; and FV10 2,000()10 3, years at an interest rate of 10% per year. FV 2,000x(1.1)5 3, is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? The reason is in the last 5 years you get interest on the interest earned...

FIN 515
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Excerpt from file: Name: Week 2 Problem Set Answer the following questions and solve the following problems in the space provided. When you are done, save the file in the format , where flastname is your first initial and you last name, and submit it to the appropriate dropbox. Chapter 4 (pages 132136): 3. Calculate

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