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Compound Interest and Population Modeling Assignment Solve the following 1. A man invests $10, 000 in an account that pays 8.5% interest per year, compounded

Compound Interest and Population Modeling Assignment

Solve the following

1. A man invests $10, 000 in an account that pays 8.5% interest per year, compounded quarterly. What is the amount of money that he will have after 3 years?

2. How much money should I save in an account paying 5% interest compounded monthly if I want to have $6000 in 6 months?

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