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# ADMS3530-Midterm-F06 - Name Section ID(Prof Kings section A...

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Page 2 3. Consider the following cash flows: \$1000 today, \$500 at the end of one year, Y at the end of two years and 4000 at the end of year 3. If in three years from today, they will have a future value of \$6,547.82, and the annual interest rate is 6%, what is the value of Y? 4. You decide to deposit \$100 at the end of each month for the first year, \$200 at the end of each month during the second year, and \$300 at the end of each month for the third year. The interest rate is 12% compounded monthly, and deposits will begin in one month from today. How much money can you accumulate in three years?
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