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3-Assay questions( 19 marks) 1. What is the value at the end of year 5 of $100 deposited today if the interest rate is 10%

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3-Assay questions( 19 marks) 1. What is the value at the end of year 5 of $100 deposited today if the interest rate is 10% compounded annually? 2. Ten years ago, you put $150,000 into an interest-earning account. Today it is worth $275,000. What is the effective annual interest eared on the account? (C)

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