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Colorado State University FIN 300 Exam 3
- Exam (elaborations) • 12 pages • 2022
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Chapter 8 Practice Problems 
1. What is the future value of $1,000 invested today if you earn 2 percent annual interest for five 
years? $1,104.08 
2. Calculate the future value of $20,000 ten years from now if the annual interest rate is 
a. 0 percent: $20,000 
b. 2 percent: $24,379.89 
c. 5 percent: $32,577.89 
d. 10 percent: $51,874.85 
3. How much will you have in 10 years if you deposit $5,000 today and earn 3 percent annual 
interest? $6,719.58 
4. Calculate the future value of $20,000 inv...
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