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(Click here to access the PV and FV tables to use with this problem.) 1. Hope Dearborn Invests $40,000 on January 1, 2019, in
(Click here to access the PV and FV tables to use with this problem.) 1. Hope Dearborn Invests $40,000 on January 1, 2019, in a savings account that earns interest of 8% compounded semiannually. What will be the amount in the fund on December 31, 20247 Round your answer to two decimal places. 56,000 X 2. Ben Johnson receives a bonus of $5,000 each year on December 31. Beginning on December 31, 2019, he deposits his bonus every year in a savings account that earns Interest of 12% compounded annually. What will be the amount in the fund on December 31, 2023, after he deposits his bonus received on that date? Round your answer to two decimal places. $ 3. Ron Sewert owes $30,000 on a non-interest-bearing note due January 1, 2029. He offers to pay the amount on January 1, 2019, provided that it is discounted at 10% on a compound annual discount basis. What would he have to pay on January 1, 2019, under this assumption? Round your answer to two decimal places. $ 11,583.01 X
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