2.2What is the future value of an investment of $18,000 that will earn interest at...
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2.2What is the future value of an investment of $18,000 that will earn interest at 6 percent and fall due in seven years?
2.6Todd was asked what he would pay for an investment that offered $1,500 a year for the next 40 years. He required an 11 percent return to make that investment. What should he bid?
2.8How many years would it take for $2,000 in savings a year earning interest at 6 percent to amount to $60,000?
2.10What is the difference in amount accumulated for a $10,000 sum with 12 percent interest compounded annually versus one compounded monthly over a one-year period?"
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