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Question 5 4 pts Emily Hensley plans to make 5 annual deposits of $2,000 each into an account earning 7.0 percent (per year) compounded quarterly.

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Question 5 4 pts Emily Hensley plans to make 5 annual deposits of $2,000 each into an account earning 7.0 percent (per year) compounded quarterly. If the first deposit is made today and the last deposit is made at t=4, how much will be in the account at t=8 if no more deposits were made after t=4? a. $12,374 b. $15,238 c. $14.922 d. $14,216 c. $15,076 Question 6 4 pts Nathan Besch borrows $3,500 from Christopher Greenwell today, and promises to pay Christopher $5,000 three years from today. What annual interest rate is Nathan going to pay (compounded annually)? a. 12.29 percent b. 11.28 percent O c. 13.11 percent d. 11.94 percent c. 12.62 percent

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