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time value of money: basics using the equations and tables in appendix 12a of this chapter, determine the answers to each of the following independent situations: round all answers to the nearest whole number. a. the future value in two years of $9,500 invested today in a certificate of deposit with interest compounded annually at 10 percent. $answer b. the present value of $11,000 to be received in five years, discounted at 8 percent. $answer c. the present value of an annuity of $24,500 per year for four years discounted at 12 percent. $answer d. an initial investment of $46,220 is to be returned in six equal annual payments. determine the amount of each payment if the interest rate is 16 percent. $answer
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