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You want to have $30,000 saved 5 years from now to buy a house. How much do you have to deposit today to reach this

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You want to have $30,000 saved 5 years from now to buy a house. How much do you have to deposit today to reach this goal if you can earn 3.5 percent on your savings, compounded daily? Today's deposit is the only deposit you will make to this savings account. $25,367.45 $25,174.65 $25,183.92 $25,210.57 $25,146,78 Question 2 3pts You have been investing $1,000 every quarter for the last 5 years. Today, your investment account is worth $32,050. What is your annual rate of return on your investments? Assume quarterly compounding: 18.82% 4.70% 15.78% 10.93% 20.22%

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