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QUESTION #2 An investment company pays 4% compounded semiannually. You want to have $12,000 in the future. (A) How much should you deposit now to

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QUESTION #2

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An investment company pays 4% compounded semiannually. You want to have $12,000 in the future. (A) How much should you deposit now to have that amount 5 years from now? $ (Round to the nearest cent.) (B) How much should you deposit now to have that amount 10 years from now? (Round to the nearest cent.) A newborn child receives a $9,000 gift toward a college education from her grandparents. How much will the $9,000 be worth in 17 years if it is invested at 6.2% compounded quarterly? It will be worth S (Round to the nearest cent.)

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