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1. You deposit $400 in an account earning 6% interest compounded annually. How much will you have in the account in 15 years? 2. You

1. You deposit $400 in an account earning 6% interest compounded annually. How much will you have in the account in 15 years?

2. You deposit $5000 in an account earning 8% interest compounded monthly. How much will you have in the account in 5 years?

3. How much would you need to deposit in an account now in order to have $5000 in the account in 10 years? Assume the account earns 5% interest compounded monthly.

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