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What is the total payment to pay

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1) John grandmother left him future value (FV) $500,000 of her fortune that he can collect in 10 years, the rate of inflation is % 5 annual, What is the present value (PV ) of that money today?

2) The credit card of a consumer pay an annual rate of 26% that is computed daily for advances or purchases. If this consumer bought a television for $999.00 and he took one year in pay the bill , tell What is the total payment to pay off his card?

Reference no: EM13786767

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