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Hypothetically, you make a deposit of $1,000 today. How much will you have in 10 years? Assume the savings account rate does not change for

Hypothetically, you make a deposit of $1,000 today. How much will you have in 10 years? Assume the savings account rate does not change for the next 10 years. (Hint: use the PV-FV formula discussed in Ch 4.)

Hypothetically, you make a deposit of $1,000 every year for the next ten years. How much will you have in 10 years? Assume the savings account rate does not change for the next ten years. (Hint: use the FV of the annuity formula discussed in Ch 5.)

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