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You want to receive $ 4 2 5 at the end of each year for 2 years. Interest is 4 . 5 % compounded annually.
You want to receive $ at the end of each year for years. Interest is compounded annually. a How much would you have to deposit at the beginning of the year period? b How much of what you receive will be interest? a The deposit is $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed. b The interest is $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
You want to receive $ at the end of each year for years. Interest is compounded annually.
a How much would you have to deposit at the beginning of the year period?
b How much of what you receive will be interest?
a The deposit is $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
b The interest is $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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