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1. The company is going to receive a 16,000$ after 5 years. What is the present value of that sum if the current interest rate,

1. The company is going to receive a 16,000$ after 5 years. What is the present value of that sum if the current interest rate, that is compounded annually, is 24%?

2. You plan to deposit 2,400$ at the each of the year into an annuity that will pay 12% annual interest at the start of every year. What is the value of this account at the end of 10 years?

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