Determine the future value and present value

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Reference no: EM134040323

Question

1. Determine the future value (FV) of ten thousand dollars initial deposit in a 25-year fixed deposit account that promises 10.0% annually. Interest will be paid quarterly.

2. What is the present value (PV) of one hundred thousand dollars for a promised payout in 2053? The discount rate is eleven percent. Explain the meaning of your solution.

Reference no: EM134040323

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