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(25 points) One year after you were born, your parents established a savings account for you at a local commercial bank. The account is expected

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(25 points) One year after you were born, your parents established a savings account for you at a local commercial bank. The account is expected to earn 10% per year in interest. On your 25"1 birthday, you will be able to withdraw 25000 KB in cash. Instructions: Use 2 digits in your calculations and reporting the answers. Do not write commas or apostrophes. Do not write $ (dollar sign) or any other symbol, just write the number. a. (10 points) What is the amount your parents deposited on the day you were born? I i b. (15 points) How many more years should you wait if you wish to withdraw 46000 KB instead? 1

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