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1. Andy needs $15000 in 12years.How much will Andy have to deposit now,in an account paying 10%interest,to make that happen? 2. Jerry's mutual fund claims

1. Andy needs $15000 in 12years.How much will Andy have to deposit now,in an account paying 10%interest,to make that happen?

2. Jerry's mutual fund claims a whopping 24%annual interest rate.What would be the nominal monthly rate?

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