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2) Today, you deposit 10 million HUF into your account at a 15% interest rate. According to your plan, you are going to deposit the
2) Today, you deposit 10 million HUF into your account at a 15% interest rate. According to your plan, you are going to deposit the principle for 10 years, but you draw the interest payments at the end of each year. a) How much money are you going to receive at the end of each year? b) How much money are you going to have, taken into consideration all cash flows of the given period
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