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1. Your aunt offers to give you $5,000 when you graduate in 4 years. Show this amount on the timeline below. C 6 Assuming you

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1. Your aunt offers to give you $5,000 when you graduate in 4 years. Show this amount on the timeline below. C 6 Assuming you can earn 4% on your savings at the bank : a. What is the value today ? b. What will the value be when your aunt gives you the money in 4 years ? c. What will the value be 6 years from today ? 2. Your uncle is worried that you will like your aunt more than you like him, so he offers to give you $6,000 in three years. Show this amount on the timeline below. 0 4 5 6 Assuming you can earn 4% on your savings at the bank : a. What is the combined value today of both of these gifts ? b. What will be the combined value 3 years from today? c. What will be the combined value 4 years from today? d. What will be the combined value 6 years from today? 3. A bank charges a monthly interest rate of 1% for car loans. If I take out a loan of $15,000 , how much interest will I owe during the first month

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