Question 2 (1 point) Calculate the future value (FV) of: $500 today invested in a financial...

Question

Question

business accounting

Answer 1

Answer #1

Correct answer---------------$1,299.64

Working

Cash invested	$ 500.00
Divided by : PV factor @1% after 96 terms	0.384723
Future value	$ 1,299.64

Answer 2

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