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Use the present value and future value tables to answer the following questions. A. If you would like to accumulate $2,400 over the next 5
Use the present value and future value tables to answer the following questions. A. If you would like to accumulate $2,400 over the next 5 years when the interest rate is 15%, how much do you need to deposit in the account? $ B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? $ C. You invest $8,000 per year for 9 years at 12% interest, how much will you have at the end of 9 years? D. You win the lottery and can either receive $750,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why? Take the lump sum $750,000 because it is more money
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