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1. Calculate the amount that must be invested at the end of each year at 9% compounded annually in order to accumulate $500,000 after: 30

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1. Calculate the amount that must be invested at the end of each year at 9% compounded annually in order to accumulate $500,000 after: 30 years. 3. A 20-year annuity is purchased for $400,000. What payment will it deliver at the end of each quarter, if the undistributed funds earn: c. 6% compounded quarterly

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