Explain the reason for each type of requirement

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Reference no: EM131810970

1. Explain the reason for each type of requirement ( valid IDs, income tax return and certificate of employment) when you loan from the bank and why the bank requires it.

2. To what amount will the following investment accumulate? $4,317, invested today for 13 years at 6 percent, compounded annually. Rounded the answer to two decimals places.

Reference no: EM131810970

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