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Please answer the following problems: Q1. Downtown Medical Center is starting an endowment fund to pay for the expenses of a community outreach pediatric program.

Please answer the following problems:

Q1. Downtown Medical Center is starting an endowment fund to pay for the expenses of a community outreach pediatric program. The expenses are $800,000 per year, and the program is expected to last 5 years. Assuming payments are made at the end of each year and the interest is 7% per year, what should be the size of the initial endowment?

Q2. In 2010, James County Hospitals total patient revenues were $30 million. In 2019, patient revenues are expected to be $60 million. What is the compound growth rate in patient revenues over this time period?

Q3. In 2011, King county hospitals total patient revenues were $15 million. In 2020, patient revenues are expected to be $38.37 million. What is the compound growth rate in patient revenues over this time period?

Q4. Upland Family practice center plans to invest $60,000 in a money market account at the beginning of each year for the next 5 years. The investment pays 3% annual interest. How much would this investment be worth after 5 years of investing?

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