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You will receive a payment of $2,500 two years from now and another payment of $7,500 five years from now. You are informed that the
You will receive a payment of $2,500 two years from now and another payment of $7,500 five years from now. You are informed that the interest rate is 3.5% per annum. What is the value today of your payments? (Round your answer to two decimal places) A. $8,648.58 B. $8,622.58 C. $7,648.58 D. $9,876.43 E. $9,466.45 QUESTION 19 You invest $1,100 in a bank term deposit today (t=0), but are planning to withdraw your money once the balance is $3,890. The bank has offered you an interest rate of 7.9% per annum. How long will it take you to attain this goal? (Round your answer to two decimal places) OA. 16.89 years OB. 15.56 years C.26.61 years OD. 19.35 years E. 16.61 years
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