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I cannot figure out letters e. and f. at the top of the page.. Over the past several years, Catherine Lee has been able to

image text in transcribedI cannot figure out letters e. and f. at the top of the page..

Over the past several years, Catherine Lee has been able to save regularly. As a result, she has $54, 188 in savings and investments today. She wants to establish her own business in 5 years and feels she will need $100,000 to do so. If she can earn 4 percent on her money, how much will her $54, 188 in savings/investments be worth in 5 years? Will Catherine have the $100,000 she needs? If not, how much more money will she need? Given your answer to part a, how much will Catherine have to save each year over the next 5 years to accumulate the additional money? Assume that she can earn interest at a rate of

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