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2. (Computation of Future Values and Present Values) Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.)
a. What is the future value of $9,000 at the end of 5 periods at 8% compounded interest?
b. What is the present value of $9,000 due 8 periods hence, discounted at 11%?

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Answer:

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