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PLEASE SHOW ALL WORK AND STEPS ON PAPER!! Answer each question on the sheet provided. You must show all work to get credit. 1 .

PLEASE SHOW ALL WORK AND STEPS ON PAPER!!

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Answer each question on the sheet provided. You must show all work to get credit. 1 . How long would you have to invest $8900 for it to grow to $13,450, assuming an APR (annual percent rate) of 6.2% and assuming quarterly compounding? 2. Assume that your initial savings investment has grown from $7714 to $9826 in a matter of 4 years, 6 months. What interest rate was in effect, assuming monthly compounding

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