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Your client owns a security that will make two future payments. The first payment comes at the end of year 2 in the amount of
Your client owns a security that will make two future payments. The first payment comes at the end of year 2 in the amount of $370.00 and the second payment comes at the end of year 8 in the amount of $1,150.00. The interest rate is 7.10%. Calculate the total amount that your client will have at the end of year 8.
A) $1,619.03
B) $1,632.43
C) $1,645.84
D) $1,659.24
E) $1,672.64
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