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1. Your investment pays you $8000at the end of each year for the next 18years into an account paying 7% interest. If the first payment

1. Your investment pays you $8000at the end of each year for the next 18years into an account paying 7% interest. If the first payment is received a year from today, what is the present value of this investment? Round to the nearest cent.

2. Armanicurrently has saved $9000 in a CD paying 4% each year. How much compound interest will Timothy have earned after 68years? Round to the nearest cent.

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