What is the future value of $1 (i) after 18 years if the interest rate is 4 percent, (ii) after 12 years if the interest rate is 6 percent, (iii) after 9 years if the interest rate is 8 percent, and (iv) after 6 years if the interest rate is 12
percent?
(i) $1 x (1.04)18 = $2.03
(ii) $1 x (1.06)12 = $2.01
(iii) $1 x (1.08)9 = $2.00
(iv) $1 x (1.12)6 = $1.97
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