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If we place $2,000 in a savings account paying 5 percent interest compounded annually, how much will our account accrue to in 10 years? How

  • If we place $2,000 in a savings account paying 5 percent interest compounded annually, how much will our account accrue to in 10 years?
  • How much money do I have to invest every year in order to get $20,000 in 10 years at 5 percent interest?
  • What is the present value of an investment that yields $5,000 to be received in 10 years and $2,000 to be received in 10 years if the discount rate is 6 percent?

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