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Suppose you want to have $50,000 in ten years. (a) How much would you have to deposit today in an account that pays 10% interest

Suppose you want to have $50,000 in ten years.

(a)How much would you have to deposit today in an account that pays 10% interest compounded annually?

(b)How much would you have to deposit if the interest is compounded quarterly?

(c)As an investor would you prefer the annual or quarterly compounding? Explain why.

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