BUS 342 - Muge Tiryakioglu. 1. Calculating Future Value. Your wealthy uncle established a $1,000 bank account for you when you were born. For the first 8 years of your life, the interest rate earned on the account was 8 percent. Since then, rates have only been 6 percent. Now you are 21 years old an

Exercises on Time Value of Money

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