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Please answer both thanks! Q4) How much money would you need to deposit today at 11.80% annual interest compounded monthly to have $3,427.00 in the
Please answer both thanks!
Q4) How much money would you need to deposit today at 11.80% annual interest compounded monthly to have $3,427.00 in the account after 11.0 years? (1.5 points)
Q5) If you deposit $270.00 into an account paying 13.01% annual interest compounded quarterly, how many years until there is $70,031.00 in the account? (1.5 points)
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