Homework week 3 - Homework week 3 Attempt 1 Written: Apr 4,...

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Homework week 3 Attempt 1 Written: Apr 4, 2011 10:09 PM - Apr 4, 2011 10:18 PM Submission View Your quiz has been submitted successfully. Information Problem 9-1 You invest $2,500 a year for three years at 8 percent. Question 1 1 / 1 point a.) What is the value of your investment after one year? Multiply $2,500 X 1.08. Omit the "$" sign in your response. Answer: 2700.00 Question  2 1 / 1 point b.) What is the value of your investment after two years? Multiply your answer to part a by 1.08. Omit the "$" sign in your response. Answer: 2916.00 Question  3 1 / 1 point c.) What is the value of your investment after three years? Multiply your answer to part  by 1.08. This  gives your final answer. Omit the "$" sign in your response. Answer:
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3149.28 Question  4 1 / 1 point d.) Confirm that your answer is correct by going to Appendix A (future value of $1), and looking up the future value for n = 3, and i = 8 percent. Multiply this tabular value by $2,500 and compare
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Homework week 3 - Homework week 3 Attempt 1 Written: Apr 4,...

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