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You want to receive $250 at the end of each year for 2 years. Interest is 9.6% compounded annually (a) How much would you have

You want to receive $250 at the end of each year for 2 years. Interest is 9.6% compounded annually

(a) How much would you have to deposit at the beginning of the 2-year period?

(b) How much of what you receive will be interest?

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