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Home Q Comments Autotaver Q u o interest-calcs-Questions-interest calcs Insert Draw Design Layout References Mailings >> Share Calibri (10. 11 A A Aa A A

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Home Q Comments Autotaver Q u o interest-calcs-Questions-interest calcs Insert Draw Design Layout References Mailings >> Share Calibri (10. 11 A A Aa A A O Bruneb X, * ALLA Paragraph Styles Dictate Paste Sensitivity ACCT 112 Rebman Interest Calculations Problem 1. You deposit $15,000 in the bank. The account will pay interest at the rate of 8X per year, compounded annually. What will the balance in the account be at the end of the 5" year? Problem 2. You are going to receive $25,000 in 10 years. You can earn interest at a 12% rate (this is your discount rate). What is the value today (present value) of this payment? Page 1 of 2 173 words Focus

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