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a) Apple Company, wants to determine the most it should pay to purchase a particular financial deal from Summit. Summit is offering a financial deal

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a) Apple Company, wants to determine the most it should pay to purchase a particular financial deal from Summit. Summit is offering a financial deal which consists of cash flows of $700 at the start of each year for 5 years. The required return is 8%. b) Mr. C deposits $1000 in a savings account paying 6% interest compounded annually. He wants to know how much money will be in the account at the end of five years

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