Question: For #1 What is the Future value and #2 what is the present value? I need Major help!?

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Answer #1:

The formula for 1 is: (the ^ symbol means "to the power of")

($10,000 X 1.10^5) X 1.15^12

This equals $86,166.31


For 2, the formula is: (again the ^ symbol means "to the power of"


$175,000 / 1.14^50

Which equals all of $249.92





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