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Your boss, the treasurer for a small manufacturing company, wishes to deposit $50,000 for 2 years until the money is needed to replace some equipment.
Your boss, the treasurer for a small manufacturing company, wishes to deposit $50,000 for 2 years until the money is needed to replace some equipment. He would like you to analyze the investment opportunities offered by two savings certificates. One certificate offers 8% interest compounded annually while the other certificate earns 7.9% interest compounded quarterly. What is the future value of the $50,000 for each alternative? (Round your answers to two decimal places.)
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