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1. What will 7,000 invested in 9 years at 8% compounded annually grow to? 2. At what rate would $1,000 have to be invested to

1. What will 7,000 invested in 9 years at 8% compounded annually grow to?

2. At what rate would $1,000 have to be invested to grow to $4,500 in 10 years?

3. What is the future value of an ordinary annuity of $1,000 per year for 5 years compunded at 8%. What would the future value be if it were an annuity due?

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