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7. If you deposit $16,000 in a bank account that pays 4.7% interest annually, how much would be in your account after 5 years? What

7. If you deposit $16,000 in a bank account that pays 4.7% interest annually, how much would be in your account after 5 years? What is the present value of a security that will pay $20,000 in 10 years if securities of equal risk pay 7.6% annually

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