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1)what is the future value of 1200, placed in a saving account for four years if the account pays .10, compounded quarterly? 2) your brother

1)what is the future value of 1200, placed in a saving account for four years if the account pays .10, compounded quarterly?

2) your brother who is 6 years old, just received a trust fund that will be worth 25,000 when he is 21 years old. If the fund earns .10 interest compounded annually, what is the value of the fund today?

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