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# iclicker - 8 QUESTIONS FROM TVM(8PTS EACH 6 QUESTIONS FROM...

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8 QUESTIONS FROM TVM (8PTS EACH), 6 QUESTIONS FROM ASSIGNED PROBLEMS (5PTS EACH) AND 6 HARD RANDOM QUESTIONS (1 PT EACH) 1. If \$8,633 is invested today in a savings account at an annual interest rate compounded annually of 8.63%, the balance in the account 3 years hence will be: \$11,067 2. If you want to have \$15,016 7 months from today and the applicable interest rate is 6.5% per year compounded quarterly, the lump sum amount you need to invest today is: \$14,464 3. The present value of \$36,326 due 8 years from today when the annual interest rate of 9.47% is compounded annually is: \$17,614 4. At 9.40% annual interest, compounded semiannually, how many years will it take for an initial sum of \$364 to grow to \$73,163? : 57.3 5. The present value of \$6,796 to be received 11 years from today at an annual rate of 12.63%, compounded quarterly, is: \$1,731 6. Your uncle deposits \$680 per month for 13 months in an account paying interest of 2.63% per year compounded monthly. The payments begin one month from today. At the

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iclicker - 8 QUESTIONS FROM TVM(8PTS EACH 6 QUESTIONS FROM...

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