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How much will your account be worth at the end

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Q1. You deposit $500 today in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 10 years?

Q2. Supposed an Morax Corporation bond will pay $4,500 ten years from now. If the going interest rate on safe 10 year bonds is 6.00%, how much is the bond worth today?

Reference no: EM133068105

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