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Question 5 (6.66 points) Assume that you deposit $ 1,583 into an account that pays 11 percent per annum. How much money will be in

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Question 5 (6.66 points) Assume that you deposit $ 1,583 into an account that pays 11 percent per annum. How much money will be in the account 16 years from today? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your Answer: Answer Question 6 (6.66 points) You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 299 (first payment made at t = 1), followed by five annual payments of $ 583, followed by four annual payments of $ 765. How much did you borrow? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Your

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