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    aechols1's Avatar
    aechols1 Posts: 2, Reputation: 1
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    #1

    Mar 31, 2009, 12:59 PM
    Present and future value
    the present value of $1,552.90 due in 10 years at 12% (occurs annually)
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Apr 1, 2009, 03:05 AM

    This does not make sense.
    DO YOU MEAN?

    the future value of $1,552.90 due in 10 years at 12% (occurs annually)?

    I have already answered this question for you.
    Have a good look at your other post.

    1,552.90

    1 1,552.90 1,739.25
    2 1,739.25 1,947.96
    3 1,947.96 2,181.71
    4 2,181.71 2,443.52
    5 2,443.52 2,736.74
    6 2,736.74 3,065.15
    7 3,065.15 3,432.97
    8 3,432.97 3,844.92
    9 3,844.92 4,306.31
    10 4,306.31 4,823.07

    The answer $4,823.07.
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