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16, Jones receives an annual bonus from her employer. She wishes to deposit the bonus into a fund that pays 6% compounded continuously. The first

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16, Jones receives an annual bonus from her employer. She wishes to deposit the bonus into a fund that pays 6% compounded continuously. The first bonus is $1,000, and the size of the bonus is expected to increase at a rate of 4% per year. How much money will be in the fund immediately before the tenth deposit? a. $13,403.91 b. $13,503.84 c. $14,108.60 d. $15,656.07 17, A solo practitioner borrows $5,000 at 6% compounded annually. Five equal annual payments are to be made to repay the loan, with the first payment occurring one year after receiving the $5,000. In how many payments will the interest paid be between $150& $200? a. None b. I c. 2 d. 3

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