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1. Suppose you deposit $2,500.00 into an account today that earns 15.00%. In 21.00 years the account will be worth $________. 2. What is the
1. Suppose you deposit $2,500.00 into an account today that earns 15.00%. In 21.00 years the account will be worth $________.
2. What is the value today of receiving $1,106.00 per year forever? Assume the first payment is made 10.00 years from today and the discount rate is 7.00%.
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