What would be the second year future value

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Reference no: EM131987611

1. How could you explain that a 40 % markup on selling price, which is a 66.7% markup on cost, result in the same dollar mark up? A specific example may help your explanation.

2. A deposit of $740 earns interest rates of 7 percent in the first year and 10 percent in the second year. What would be the second year future value? (Round your answer to 2 decimal places.)

3. You will need 20,000 in 4 years for your vacation. How much do you put away each year for 4 years at 3%? How much do you put away now?

Reference no: EM131987611

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