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1. What is the approximate future value of $1,000 to be received each year for 15 years assuming an interest rate of 10%? 2. How

1. What is the approximate future value of $1,000 to be received each year for 15 years assuming an interest rate of 10%?

2. How many years would it take $1,000 to grow to $5,000 assuming an annual interest rate of 15%?

3. At what interest rate would $1,000 grow to $5,600 in 20 years ?

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