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Question 4 1 pts An individual wishes to deposit a certain quantity of money now so that he will have $500 at the end of

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Question 4 1 pts An individual wishes to deposit a certain quantity of money now so that he will have $500 at the end of five years. What is the amount of the deposit with an interest rate of 4% per year, compounded semiannually? Question 5 1 pts A steam boiler is purchased on the basis of guaranteed performance. A test indicates that the operating cost will be $300 more per year than the manufacturer guaranteed. If the expected life of the boiler is 20 years, and money is worth 8%, what amount should the purchaser deduct from the purchase price to compensate for the extra operating cost

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