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Ch 11 Problems eBook Use the present value and future value tables to answer the following questions. A. If you would like to accumulate $2,600
Ch 11 Problems eBook Use the present value and future value tables to answer the following questions. A. If you would like to accumulate $2,600 over the next 5 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,300 in a savings account, how much will you have at the end of 8 years with a 12% interest rate? C. You invest $7,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $760,000 as a lump sum or $40,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why
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