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Suppose you deposited $710 in a bank account at the end of each year for the next 1 years. How much wou ld be in

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Suppose you deposited $710 in a bank account at the end of each year for the next 1 years. How much wou ld be in that account at the end of the 1th year if the deposits earned 9% interest each year? (Work out the problem on separate sheet of paper before entering the answer.) Answer: Check Suppose for your future graduation present, suppose your uncle has just deposited $920 in your bank account which gives 6% interest per year. How much will be in the account when you graduate in 8 years? (Work out the problem on separate sheet of paper before entering the answer.) Answer: Check Suppose you've just deposited $1952 in bank account which earns an annual rate of return of 4%. How much will you have in the bank account after 6 years? (Work it out on a piece of paper before entering the answer.) Answer: Check Suppose you want to save $5073 for your wedding in 8 years. If the stock market would give you 2 % APR per year, how much would you have to deposit today to reach your goal? (Work out the problem on separate sheet of paper before entering the answer.) Answer: Check

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