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Assume you deposit $5,700 at the end of each year into an account paying 11.25 percent interest. Requirement 1: How much money will you have
Assume you deposit $5,700 at the end of each year into an account paying 11.25 percent interest.
Requirement 1: How much money will you have in the account in 19 years?
Requirement 2: What is the present value of the second option? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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