• If you invest $986.52 today, how much will your investment grow to in 29 years if the interest rate is 13.51%, and interest rate is compounded quarterly?

• You wish to know the appropriate price for a security that matures in 49 years. The security has a payout of $752,413.25, which is paid in one lump sum at maturity. The interest rate associated with this class of security is 2.85%, and interest is compounded quarterly. What is the current price?

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