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1. If you invest 100 dollars today and it became 600 dollars in 5 years what is the annual interest rate? 2. If you started

1. If you invest 100 dollars today and it became 600 dollars in 5 years what is the annual interest rate?

2. If you started saving at 25 you plan to retire in 30 years. You decide to save 100 dollars per month for 15 years. How much would you have when you retire? The annual interest rate is 12% compounded monthly. (Future value annuity)

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