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7. You invest $5,000 in an investment account that earns 8% annual interest. What is the investment worth after four years? 8. You just signed
7. You invest $5,000 in an investment account that earns 8% annual interest. What is the investment worth after four years?
8. You just signed a promissory note agreeing to pay the bank $10,000 every six months and $200,000 at the end of five years. The bank charges 9% annual interest. How much money will you receive today?
9. You intend to invest $250 per month in the stock market for the next thirty years. If the market averages an 8% return over that time, what will be the value of your investment at the end of thirty years?
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