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Please answer both questions gth: 2:00:00 Erwin Brown: Attempt 1 Question 8 (1 point) 2 3 When Anne was born, she received $1,000 from her

Please answer both questions

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gth: 2:00:00 Erwin Brown: Attempt 1 Question 8 (1 point) 2 3 When Anne was born, she received $1,000 from her relatives as a gift. Her mom invested the money in a stock. The return on the account has been 15% 5 6 compounded annually. Now Anne is 25 years old. How much does she have on the account? She did not touch her account for 25 years and let the returns compound. 8 9 Question 9 (1 point) Jonathan's daughter will be going to college in 15 years. The first year of college will cost her $50,000. Jonathan wants to pay the $50,000 for the first year of the program. How much money does Jonathan have to set aside today in order to have $50,000 to pay for the first year of the program fifteen years from now? The money will be invested in a bond which pays 6% interest rate compounded annually

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