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a. If you deposit $50,000 in a bank that pays 3.25% interest compounded semi-annually, how much will it be in 20 years? b. How much

a. If you deposit $50,000 in a bank that pays 3.25% interest compounded semi-annually, how much will it be in 20 years?

b. How much is it worth to us today, for $15,000 to be received at the start of each year for the next 5 years using a discount rate of 5.35%?

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