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Compute the amount to which the deposits will grow

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Question 1: A corporation wants to invest $10 million per year for five (5) years. If interest is earned at the rate of 14 percent per year, compute the amount to which the deposits will grow if:

Problem 1: Deposits of $10 million are made at the end of each year with interest compounded annually. - $?

Problem 2: Deposits of $5 million are made at the end of each six months with interest compounded semiannually. $?

Problem 3: Deposits of $2.5 million are made at the end of each quarter with interest compounded quarterly. $ ?

Reference no: EM132459206

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