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ROUND ALL ANSWERS TO NEAREST DOLLAR. DON'T include dollar sign or decimal place. How much will $15,000 grow to in 5 years, assuming an
ROUND ALL ANSWERS TO NEAREST DOLLAR. DON'T include dollar sign or decimal place. How much will $15,000 grow to in 5 years, assuming an interest rate of 8% compounded semiannually? What is the value today of receiving $10,000 at the end of 5 years, assuming an interest rate of 8% compounded quarterly? How much will $5.000 invested at the end of each year grow to in 3 years, assuming an interest rate of 9% compounded annually? What is the value today of receiving $8,000 at the end of each year for the next 4 years, assuming an interest rate of 6% compounded annually? Determine your quarterly payment if you buy a $5,000 entertainment system and you're going to make quarterly payments for 3 years and the bank is charging you 9% interest.
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