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1. Find the future value in five years of $1,000 invested today if the interest rate is 5%. (7 points) 2. Find the present value

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1. Find the future value in five years of $1,000 invested today if the interest rate is 5%. (7 points) 2. Find the present value of $50,000 paid to you in fifteen years if the discount rate is 5.6%. (7 points)

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