Lecture Notes on Time Value of Money
Practice Quiz Questions: PV and FV of a Single sum. Review Problems. 1. How much must you deposit today in a bank account paying interest compounded quarterly: a. if you wish to have $10,000 at the end of 3 months, if the bank pays 5.0% APR? Answer: $9,877 . b. if you wish to have $50,000 at the end of 24months, if the bank pays 8.0%APR? ................
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