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You just received a generous birthday present from your favorite Uncle - - $ 1 , 0 0 0 ( partly a reward for the

You just received a generous birthday present from your favorite Uncle -- $1,000(partly a reward for the excellent grades you've been getting at Pace). You plan on investing this cash and expect to earn a return of 9% per year, compounded annually.
a) How much will you have available in 10 years?
b) Your goal is to have $3,500 available in 10 years. What rate of return (rounded to 2 decimal places), compounded annually, would you have to earn to achieve your goal?
c) The rate of return in part b) above involves too much risk. If the maximum risk you're willing to accept involves a rate of return of 11% per year, compounded annually, how long (rounded to 2 decimal places) will it take to achieve your goal of $3,500?
d) Suppose you could earn a rate of return of 15% per year, compounded daily. How long would it take to achieve your goal now?
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