Lecture Notes on Time Value of Money

This first year the investment returns 10%, the second year it returns 16%, and the third year in returns 2%. How much would this investment be worth, assuming no withdrawals are made? Answer: A*(1.10) x (1.16) x (1.02) 11. Suppose you make an investment of $10,000. This first year the investment returns 15%, the second year it returns 2%, and ... ................
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