Calculate the future value of each of the following items. Round all to nearest whole...
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Accounting
Calculate the future value of each of the following items. Round all to nearest whole number.
b. $5,000 received at the end of each year for the next ten years if the money earns interest at the rate of four percent compounded annually. $Answer
c. $3,000 received semiannually for the next five years if the money earns interest at the rate of eight percent compounded semiannually. $Answer
d. $1,000 deposited each year for the next ten years plus a single sum of $15,000 deposited today if the interest rate is ten percent per year compounded annually. $Answer
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