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1. Determine the future amount if $240,000 is to be received 5 years from today, at 10 percent annual interest. 2. Determine the future amount

1. Determine the future amount if $240,000 is to be received 5 years from today, at 10 percent annual interest.

2. Determine the future amount if $80,000 is invested today, plus $6,000 is invested annually at the end of each of the next 3 years, at 12 percent interest, compounded annually.

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