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1. (10 Points) If you make a one-time deposit of $30,000 at 3.25% interest compounded annually, approximately how much money will be in the account

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1. (10 Points) If you make a one-time deposit of $30,000 at 3.25% interest compounded annually, approximately how much money will be in the account at the end of 10 years? 2. (10 Points) You have borrowed $10,000 and must pay it off in five equal payments. Your annual interest rate is 10%. What are the annual payments? 3. (10 Points) A car is purchased for $32,000. The dealership is willing to pay $3000 for your old car. In addition, you want to put an additional $8000 towards down payment. What would be the monthly payments if you were to finance the car for 5 years with the interest rate of 3.25% 4. (10 Points) An individual wishes to accumulate $1000,000 in 20 years. If 240 end of month deposits are made into an account that pays interest at the rate of 6% compounded annually, what size deposit is needed to meet the above objective

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