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Ferdinand and Maximilian each want to have $10,000 saved five years from now. Ferdinand can earn 4.35%, compounded annually, on his savings and Maximilian can
Ferdinand and Maximilian each want to have $10,000 saved five years from now. Ferdinand can earn 4.35%, compounded annually, on his savings and Maximilian can earn 4.50%, compounded annually, on his savings. Both Ferdinand and Maximilian are going to deposit one lump sum today and will not add any additional funds to their accounts. Given this, Maximilian deposit Ferdinand to achieve the goal. Must; at least as much as Can; the same amount as O Must; more than Can; less than Must; as much or more than
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