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Brief Exercise G-5 Andrew and Emma Garfield invested $6,100 in a savings account paying 5% annual interest when their daughter, Angela, was born. They also
Brief Exercise G-5 Andrew and Emma Garfield invested $6,100 in a savings account paying 5% annual interest when their daughter, Angela, was born. They also deposited $1,400 on each of her birthdays until she was 15 (including her 15th birthday) Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 15th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.) Amount on 15th birthday Brief Exercise G-9 Messi Company is considering an investment that will return a lump sum of $830,000 5 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) what amount should Messi Company pay for this investment to earn an 12% return? (Round answer to 2 decimal places, eg. 25.25.) Messi Company should pays
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