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3. You skip your weekly trip to Starbucks and place $5.10 a week in a special savings account earning 6.1% interest, compounded weekly. How much
3. You skip your weekly trip to Starbucks and place $5.10 a week in a special savings account earning 6.1% interest, compounded weekly. How much will you have in the account after three years? P/YR = 52 This is an ordinary annuity, so no "BEGIN" on the calculator a. 289.546 b. 325.658 c. 787.421 d. 872.489 4. You have won a "million dollar lottery". which means you will receive $6.925 a month for the next 20 years. Assuming a 9% discount rate compounding monthly, what is the present value of your winnings? P/YR= 12 This is an ordinary annuity, so no "BEGIN on the calculator a. 689.255.456 b. 596,589.314 -c. 769.678.807 d. 874.259.629
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