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1 50 4 2 60 5 3 70 6 NPV 7 IRR Move the cursor to cell ... What is the future value of your savings one year from today if you save your money in Bank A? Bank B? Which is the better decision? What savings decision will most individuals make? What likely reaction will Bank B have? SOLUTION: Future Value in Bank A: n i PV FV PMT 1 7 - $500 Solve 0 $535 Formula: $500 x (1.07) = $535. Future Value ... ................
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