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Posted on Aug 19, 2024

1. You are going to deposit $4,200 in an account that pays .68 percent interest compounded quarterly. How much will you have in 5 years?

2.You need to have $32,500 in 11 years. You can earn an annual interest rate of 5 percent for the first 6 years, and 5.6 percent for the next 5 years. How much do you have to deposit today?

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