Homework Answers
When rate = 6.72%
FV = $18000 * (1 + 6.72%)5
FV = $18000 * 1.3843 = $24,917.33
When rate = 7.15%
FV = $18000 * (1 + 7.15%)5
FV = $18000 * 1.4124 = $25,423.39
Difference = $25,423.39 - $24,917.33 = $506.6
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are based on? I have already answered the questions and understand
how to solve the material, but i want to be able to pinpoint where
i can find this info. in the book. I am using Brigham’s
Fundamentals of Financial Management (pictures attached). If it is
hard to read, please let me know. i will post better pictures. i
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EDIT: HERE IS...
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Can someone please tell me what chapters (1-5) these questions
are based on? I have already answered the questions and understand
how to solve the material, but i want to be able to pinpoint where
i can find this info. in the book. I am using Brigham’s
Fundamentals of Financial Management (pictures attached). If it is
hard to read, please let me know. i will post better pictures. i
know the time vale of money stuff already
EDIT: HERE IS...
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