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1) Suppose that you make a series of annual deposits into a bank account that pays 10% interest. The initial deposit at the end of

1) Suppose that you make a series of annual deposits into a bank account that pays 10% interest. The initial deposit at the end of the first year is $1,200. The deposit amount decline by $200 in each of the next four years. How much would you have immediately after the fifth deposit? 2) An engineer planning for her retirement will deposit 15% of her salary each year into a stock found. The initial balance in her stock found (year 0) is $5,000. If her salary this year is $100,000 (end of year 1) and she expects her salary to increase by 5% each year, what will be the future worth of the found after 20 years if it earns 15% per year

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