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THANKS IN ADVANCE. MATHEMATICAL INTREST THEORY. PLEASE ANSWER BOTH FOR A THUMBS UP You wish to make a deposit now in an account earning 6%

THANKS IN ADVANCE.
MATHEMATICAL INTREST THEORY.
PLEASE ANSWER BOTH FOR A THUMBS UP
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image text in transcribed
You wish to make a deposit now in an account earning 6% annually so that that you can get a payment of 1,000 at the end of each of the next 10 years. How much should you deposit today? You want to accumulate 15,000 by the end of 15 years by making a level deposit at the beginning of each of the next 15 years. Assume the annual effective interest rate is 5%. Find the required level payment

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