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How much will have in the savings account

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Problem 1: Suppose you will receive payments of $12,000, $1,000, and $17,000 in 1, 4, and 9 year(s) from now, respectively. What is the total future value of all payments 11 years from now if the interest rate is 2%?

Problem 2: You have just received an inheritance of $5,700. If you deposit the $5,700 into a savings account that earns an interest rate of 7%, compounded annually, how much will you have in the savings account after 18 years?

Reference no: EM132902508

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