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6. If a fund pays 12% compounded annually, what single deposit now will accumulate $12,000 at the end of the tenth year? If the fund

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6. If a fund pays 12% compounded annually, what single deposit now will accumulate $12,000 at the end of the tenth year? If the fund pays 6% compounded annually, what single deposit is required now in order to accumulate $6000 at the end of the tenth year? (2.4)

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