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Consider how much money you should have in each of the following cases, and choose all cases with the finite answer. Assume that the (effective)

Consider how much money you should have in each of the following cases, and choose all cases with the finite answer.

Assume that the (effective) interest rate is 5%. That means $1 becomes $1.05^2 two years later.

a) You want to receive $100 each year for 20 years, starting from 5 years from now.

b) You want to receive $0.33 each day for 20 years, starting from 5 years from now.

c) You want to receive $100 each year forever, starting from 5 years from now.

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