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Leo received $7,500 today and will receive another $5,000 two years from today. He will invest these funds when he receives them and expects to earn...

Leo received $7,500 today and will receive another $5,000 two years from today. He will invest these funds when he receives them and expects to earn a rate of return of 11.5 percent. What value does he expect his investments to have five years from today?


Please help, is there an easier way to compute the answer using the calculator PV and FV functions?

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The value he expect his... View the full answer

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