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Deposits of $81.00 are made at the end of every quarter for 5 years. What will the deposits amount to if interest is 8% compounded
Deposits of $81.00 are made at the end of every quarter for 5 years. What will the deposits amount to if interest is 8% compounded quarterly? The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Emerson developed a new style of camping trailer. He is considering a licensing agreement with Easy-Tow, who will manufacture the new trailer. They are proposing to pay him $30,000 now, and $15,000 at the beginning of each of the ten years of the licensing agreement, starting in two years. If interest is 7.35% compounded quarterly, what is the agreement worth today? The agreement is worth $ today. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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