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Suppose you invest $800 in an account that pays 7% interest compounded annually. If you make no additional deposits or withdrawals to or from your

Suppose you invest $800 in an account that pays 7% interest compounded annually. If you make no additional deposits or withdrawals to or from your account, how much will be in your account after 7.5 years?

What is the present value of $1,400 that will be received 9.5 years from now? assume an interest rate of 9% compounded annually.

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