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I. Your company has 10,000 employees now. It grows at a rate of 5% per year. How many employees will it have in 6 years?

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I. Your company has 10,000 employees now. It grows at a rate of 5% per year. How many employees will it have in 6 years? (Draw a time line and use both the formula and financial calculator methods). (7pts) You have decided to start saving every year for a world cruise you wish to take at the end of 5 years. You can earn an 8% return on your investment. If you save $400 every year beginning at the end of this year, how much will you have in 5 years? (Draw a time line and use both the formula and financial calculator methods). (7pts) 2

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