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Please answer all questions thank you A1. You are offered the following deal by your bank: If you purchase a $10,000 Certificate of Deposit and

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A1. You are offered the following "deal" by your bank: If you purchase a $10,000 Certificate of Deposit and the bank pays interest at the rate of 3.37% per year conmpounded annually, how much money will you have in your account in 10 years? 2. If you purchase a building today for $162,000 and it increases in value at the rate of 15% per year, compounded annually, how much will the building be worth in 10 years? $ 3. 3. Your father wishes to retire in 27 years. If he can invest $2,000 per year into an Individual Retirement Account (IRA) how much will he have in this account when he retires if the money accumulates at an annual interest rate of 7.5% compounded annually

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