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How much would Jane have to deposit in an account

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Q1. How much would Jane have to deposit in an account today that pays 12.5% interest, compounded quarterly, so that I have a balance of P20,500 in the account at the end of ten years?

Q2. Suppose Donald wants to have $.5 million saved by the time you reach the age of 30 and suppose he is 20 years old today. If you can earn 5% on your funds today, how much would you have to invest today to reach your goal?

Reference no: EM132747568

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