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Time Value of Money Exercise: Question 1: Assume you deposit $1,000 every three months at a 6 percent annual rate, compounded quarterly. How much will

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Time Value of Money Exercise: Question 1: Assume you deposit $1,000 every three months at a 6 percent annual rate, compounded quarterly. How much will you have at the end of 10 years? Question 2: You borrow a five-year $15,000 loan with monthly payments of $300. What is the annual percentage rate (APR) on the loan? Question 3: How much would you have to invest today to receive $50,000 in 10 years at 6 percent per year

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