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1. Compute the Future Value of a 20-year annuity that pays $15,000 per year. Assume an interest rate of 10.00 percent. Puck currently has $10,000

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1. Compute the Future Value of a 20-year annuity that pays $15,000 per year. Assume an interest rate of 10.00 percent. Puck currently has $10,000 in his bank account which pays 4.00 %, compounded monthly. How much must Puck save every month, if he wants to accumulate a total of $15,000 in 5 years? 3. Assume that Schuester Bancorp is paying 3.50 percent, compounded weekly, on new deposits. How many years will it take for an initial deposit to triple in value

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