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1. Find the future value of quarterly payments of $1,250 for four years, each earning an interest rate of 10 percent annually, compounded quarterly. 2.

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1. Find the future value of quarterly payments of $1,250 for four years, each earning an interest rate of 10 percent annually, compounded quarterly. 2. a) Find the present value of 96 monthly payments of $750 (end-of-month) discounted at an interest rate of 15 percent compounded monthly b) Find the total sum of cash received over the next 8 years. c) How much is the interest earned? (the difference)

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