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You want to receive $ 6 2 5 at the end of each year for 2 years. Interest is 1 0 . 2 % compounded

You want to receive $625 at the end of each year for 2 years. Interest is 10.2% 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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