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THIS PROBLEM HAS 2 QUESTIONS. EACH QUESTION HAS 4 POSSIBLE ANSWERS. THERE IS A DROPDOWN MENU FOR EACH QUESTION. You are planning to buy your
THIS PROBLEM HAS 2 QUESTIONS. EACH QUESTION HAS 4 POSSIBLE ANSWERS. THERE IS A DROPDOWN MENU FOR EACH QUESTION. You are planning to buy your first house in 5 years. You want to save for the down payment. So, you make two deposits in a savings account paying an interest rate of 8% at your local Credit Union. The first deposit is made today, and the second deposit is made one year from now. How much money have you accumulated at the end of 5 years? Calculate the FV at t=5. THIS PROBLEM HAS 2 QUESTIONS. EACH QUESTION HAS 4 POSSIBLE ANSWERS. THERE IS A DROPDOWN MENU FOR EACH QUESTION. You are planning to buy your first house in 5 years. You want to save for the down payment. So, you make two deposits in a savings account paying an interest rate of 8% at your local Credit Union. The first deposit is made today, and the second deposit is made one year from now. How much money have you accumulated at the end of 5 years? Calculate the FV at t=5. Question 1: The 1st deposit is $25,000 and the 2 nd deposit is $50,000. The future value at t=5 is Question 2: The 1st deposit is $50,000 and the 2nd is $25,000. The future value at t=5 is
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