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Please answer each question individually. 1. What rate will get me $1,000,000 in 40 years if I invest $40,000 today? 2. What is the present

Please answer each question individually.

1. What rate will get me $1,000,000 in 40 years if I invest $40,000 today?

2. What is the present value of $1,000 in year 1, $2000 in year 2, and $3,000 in year 3 if the discount rate is 5%?

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