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You invest $2,000 per year for 20 years into an account that earns 12% annually. A. How much will you have in 20 years? B.

  1. You invest $2,000 per year for 20 years into an account that earns 12% annually. A. How much will you have in 20 years? B. Calculate this as an annuity due.
  2. You are offered the following as a settlement: $50,000 per year for 15 years or $500,000 today. Assuming an interest rate of 6%, which should you take?

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