Exam (elaborations)
FIN 201 EXAM THREE WITH CORRECT ANSWERS | GRADED A+ | 2024
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FIN 201 EXAM THREE WITH CORRECT ANSWERS | GRADED A+ | 2024 An ATM with a service fee of $4 is used by a person 100 times in a year. What would be the future value in 5 years (at a 5% rate) of the annual amount paid in ATM fees? ANS, Annual Fee: $4 x 100 = $400 FV = Annual fee x FV factor ...
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