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Suppose you invest $385 at the end of each of the next eight years. (a) If your opportunity cost is 7 percent compounded annually, how

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Suppose you invest $385 at the end of each of the next eight years. (a) If your opportunity cost is 7 percent compounded annually, how much will your investment be worth after the last $385 payment is made? (b) What will be the ending amount if the payments are made at the beginning of each year

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