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You Are Going to Invest $500 at the End of Each

Question 15

True/False

You are going to invest $500 at the end of each year for 10 years. Given an interest rate, you can
find the future value of this investment by finding the present value of each cash flow, adding all of
the present values together, then finding the future value at the end of year 10 of this lump sum.

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