Calculate future value of following at nominal interest rate

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Reference no: EM13720122

1. The annual amount of a series of payments to be made at the end of each of the next 10 years is $500. Calculate the present worth of the payment at 7% interest, compounded annually.

2. Calculate the future value of the following at a nominal interest rate of 12%.

a) $800 invested at the end of each of the next 8 years, compounded annually.

Reference no: EM13720122

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