If the interest rate this year is 88 and the interest rate, Financial Management

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If the interest rate this year is 88 and the interest rate

If the interest rate this year is 8.8% and the interest rate next year will be 10.8%, what is the future value of $1 after 2 years? What is the present value of a payment of $1 to be received in 2 years? (Do not round intermediate calculations. Round your answers to 4 decimal places.)

Future value $

Present value $

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Financial Management: If the interest rate this year is 88 and the interest rate

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Financial Management: If the interest rate this year is 88 and the interest rate

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