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10. How much would $1. growing at 3.5% per year, be worth after 75 years? a) $12.12 b) $12.60 c) $13.20 d) $14.55 e) None

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10. How much would $1. growing at 3.5% per year, be worth after 75 years? a) $12.12 b) $12.60 c) $13.20 d) $14.55 e) None of the above 11. Suppose you need $1.000 ten years from now to settle your university education fees. If the interest rate is 5.5%, how much should you deposit today in the bank? a) $585.43 Ob) $614.70 Oc) S645.44 O d) $677.71 e) None of the above 12. Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $7.500 at the end of each year for the next eight years. If the interest rate is 8% compounded annually find the future value of the payments after eight years. a) $76,555 b) $79,775 b c) $81.253 c d) $82.325 ) O e None of the above

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