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Question 12 (6.66 points) Listen Assume that you deposit $ 807 each year for the next 15 years into an account that pays 11 percent

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Question 12 (6.66 points) Listen Assume that you deposit $ 807 each year for the next 15 years into an account that pays 11 percent per annum. The first deposit will occur one year from today (that is, at t-1) and the last deposit will occur 15 years from today (that is, at t = 15). How much money will be in the account 15 years from today? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your Answer: Answer Question 13 (6.66 points) Listen How much must you deposit in an account today so that you have a balance of $ 13,749 at the end of 15 years if interest on the account is 10 % p.a., but with quarterly compounding? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your Answer: Answer Question 14 (6.66 points) Listen The Milken Company is offering you an investment that promises you $10,000 at the end of 8 years if you invest $ 5,826 today. What is the annual return on this investment? (Compute your answer as a percent rounded to 2 decimal places. Record without a percent sign. For example, record.0848765 = 8.48765% as 8.49)

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