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Consider making an investment of $8,600 each year. If the first $8,600 investment is made at the end of this year, how much will you
Consider making an investment of $8,600 each year. If the first $8,600 investment is made at the end of this year, how much will you have in: a. 13 years at 6 percent? (Enter your answer as a positive number rounded to 2 decimal places.) b. 30 years at 12 percent? (Enter your answer as a positive number rounded to 2 decimal places.) Assume you won a prize and will receive $30,750 for the next 14 years. a. How much is your prize worth now if the interest rate is 7 percent? (Enter your answer as a whole number rou places.) b. Should you accept $201.000 now in exchange for the future payments? No O Yes
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