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MUSt SHOW ALL WORK 1. (a) If you deposit $200 in the bank today, what is its future value at the end of three years

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1. (a) If you deposit $200 in the bank today, what is its future value at the end of three years if it is invested in an account paying 12% annual interest, assuming annual compounding? (1 point) (b) What is the present value of $200 to be received in three years if the appropriate interest rate is 12% (annual compounding)? (1 point)

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