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Charlie just found out his old beanie baby bear is worth $42,000. He's had the bear for 15 years. If this bear's value grew at

image text in transcribed Charlie just found out his old beanie baby bear is worth $42,000. He's had the bear for 15 years. If this bear's value grew at a rate of 85%, how much did Charlie pay for the bear, originally? $5.15 $0.29 $427,390,846.37 $4.13 Question 20.25 pts Justin found a mutual fund that promises a 10.50% rate of return with quarterly compounding. He wants to use it to develop a college fund for his kids. If he wants to have $60,000 in 20 years, how much money will Justin need to deposit today in the account? $7,549.14 $8,145.27 $3,000.00 $7,414,81 Question 3 0.25pts Aaron has a certificate of deposit that will be worth $6,800 at maturity. The market rate for CD's like this is 6.7% annually, with monthly compounding. If the CD is meant to mature 7 years after purchase, what was the price Aaron paid for the CD ? $4,270.83 $971.43 $4,259.82 $4,318.75

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