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A company must pay a $308,000 settlement in 6 years. (a) What amount must be deposited now at 7% compounded semiannually to have enough money

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A company must pay a $308,000 settlement in 6 years. (a) What amount must be deposited now at 7% compounded semiannually to have enough money for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit only $100,000 now. How much more will be needed in 6 years? (d) Suppose the company can deposit $100,000 now in an account that pays interest continuously. What interest rate would they need to accumulate the entire $308,000 in 6 years? (a) The amount that must be deposited is $ (Do not round until the final answer. Then round to the nearest hundredth as needed.) (b) The amount of interest eamed will be $ (Do not round until the final answer. Then round to the nearest hundredth as needed.) (c) The additional amount needed in 6 years will be $ (Do not round until the final answer. Then round to the nearest hundredth as needed) (d) The company will need an interest rate of% (Do not round until the final answer. Then round to the nearest hundredth as needed.)

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