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1) Gail Korosa decided that in 6 years she will leave her job in publishing and retire to Arizona. What amount should Gail invest today

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1) Gail Korosa decided that in 6 years she will leave her job in publishing and retire to Arizona. What amount should Gail invest today so that she will be able to withdraw $50,000 at the end of each year for 30 years after she retires? Assume she can invest money at 5% interest compounded annually? 2. Kathy Crag, owner of "The Fabric Corner," loaned $15,000 to Dani Flynn to open her own card shop. Dani plans to repay Kathy at the end of 12 years with 8% interest compounded quarterly. How much will Kathy receive at the end of 12 years

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