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You plan to invest $2500 into a savings plan that will return 8% compounded quarterly for a period of 6 years. How much will the

  1. You plan to invest $2500 into a savings plan that will return 8% compounded quarterly for a period of 6 years. How much will the $2500 grow to at the end of that period?
  2. You plan to invest $10,000 today, and want to have $35,000 at the end of 10 years. What interest rate must you earn to achieve this goal?

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