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You have a savings account that earns 5% Interest, compounded annually. A friend has offered you an investment opportunity, he says that if you invest

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You have a savings account that earns 5% Interest, compounded annually. A friend has offered you an investment opportunity, he says that if you invest In his new business, he will pay you $34,000 a year for the next five years. What is the maximum amount you would be willing to invest in your friend's business? (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice O $161.500 $147203 Oo oo $161.905 $170.000 If you invest $19,000 today in a savings account that earns 7% Interest, compounded annually, how much would be in the account at the end of ten years? (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to nearest dollar amount.) Multiple Choice o o sus am o o s37,377

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