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Use the following information to answer the next two questions The following are factors from the time value of money tables for 6%, 20 periods

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Use the following information to answer the next two questions The following are factors from the time value of money tables for 6%, 20 periods Future Value of $1 Future Value of an Annuity of $1 Present Value of $1 Present Value of an Annuity of $1 3.2071 36.7856 0.3118 11.4699 3. If you deposit $10,000 annually into a retirement account at the end of each year for 20 years, what amount will be accumulated in your retirement account at the end of the 20 years? A. $32,071 B. $114,699 C. $200,000 D. $367,856 A company wishes to deposit a single amount today into a fund to pay the $5,000,000 principal on bonds due in 20 years. If the company earns 6% on the fund, what amount should be deposited? 4. A. $4,700,000 B. $1,559,000 C. $435,924 D. $135,923

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