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1) You want to have $30,000 in a savings account five years from now. If the account pays 4% interest, what amount must you deposit

1) You want to have $30,000 in a savings account five years from now. If the account pays 4% interest, what amount must you deposit every year? a $5,539 b $6,739 c $4,821 d $6,529

2) Aaron expects to receive $4,300 per year for the next 7 years from his grandmother. What is the present value of this amount at a 6% discount rate? Group of answer choices a $2,860 b $22,260 c $24,004 d $6,466

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