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pleaseshowstep by step 1. Julie has taken out a ten-year savings certificate for $4760. She is guat compounded quarterly on the certificate for ten years.

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1. Julie has taken out a ten-year savings certificate for $4760. She is guat compounded quarterly on the certificate for ten years. (Note this is a single payment.) a) Find the future value of the investment after ten years. b) Find the interest earned over the ten year period. E. Milton's father has promised Milton $1880 after the first year of college, $2680 after the second year of college, $3600 after the third year of college, and $6000 after the fourth year of college to encourage Milton to complete his education with a degree at the end of the fourth year. Milton could use the money today to pay expenses. Find the present value of this cash flow to find the single payment equivalent to the four payments. The interest rate is 4.2% compounded annually. (Drawing a diagram may help.) nportant properties. Julie has taken out a ten-year savings certificate for $4760. She is guaranteed a rate of 7% compounded quarterly on the certificate for ten years. (Note this is a single payment.) a) Find the future value of the investment after ten years. b) Find the interest earned over the ten year period. 12. Milton's father has promised Milton $1880 after the first year of college, $2680 after the second year of college, $3600 after the third year of college, and $6000 after the fourth year of college to encourage Milton to complete his education with a degree at the end of the fourth year. Milton could use the money today to pay expenses. Find the present value of this cash flow to find the single payment equivalent to the four payments. The interest rate is 4.2% compounded annually. (Drawing a diagram may help.)

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