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1. Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $960 at 5.5% compounded quarterly

1. Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $960 at 5.5% compounded quarterly for 4 years

2. Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.)

Achieve $225,500 at 8.25% compounded continuously for 8 years, 135 days.

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