What is the fv of an investment

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Question: 1. What is the FV of an investment paying you $150 the first 3 years, $350 the next 4 years, and $550 the next 13 years if interest rate were 14 % compounding annually.

2. Credit card issuers must by law print their Annual Percentage Rate (APR) on their weekly statements. If the APR is stated to be 25%, with interest paid semiannual, what is the EFF% on the card?

Reference no: EM131977385

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