Mark M. answered • 04/27/22
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a) 700000 = P(1 + 0.036)t
b) V = 50000(1 + 0.036)t
Mar L.
asked • 04/27/22Assuming annual interest rates of 3.6%
Assuming annual interest rates of 3.6%
a) find the present value of a £700,000 payment you would receive in 7 years’ time.
b) find the future value in 7 years’ time of £50,000 received now. Round all values to the nearest pound.
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