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QUESTION 3 You want to quit your job and go back to school for a law degree 4 years from now, and you plan to
QUESTION 3 You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $7,400 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today? a. $36,109.28 b. $40,537.77 c. $28,955.55 d. $36,449.93 e. $34,065.36 QUESTION 4 Bob has $2,500 invested in a bank that pays 6.0% annually. How long will it take for his funds to double? a. 12.13 years b. 10.11 years c. 11.90 years d. 9.28 years e. 9.75 years
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