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You just opened a brokerage account, depositing $2,000. You expect the account to earn an interest rate of 8.84%. You also plan on depositing $2,000
You just opened a brokerage account, depositing $2,000. You expect the account to earn an interest rate of 8.84%. You also plan on depositing $2,000 at the end of years 5 through 10 . What will be the value of the account at the end of 20 years, assuming you earn your expected rate of return? $45,844 $47,318 $44,285 $47,316 $48,761 Question 6 1 pts What is the present value of $6,332 payable at the end of 12 years? Use a nominal rate (monthly compounding) of 1.61\%. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END
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