If your goal is to have 10000 in the account at the end of

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1. You're trying to decide how much to deposit into an account that earns 5% interested, compounded anually.

If your goal is to have $10,000 in the account at the end of 6 years, how much do you have to deposit into the account?

2. You have $15,000 in an account that earns 7% interest annually. How much will you have in 8 years if you make no withdrawals?

Reference no: EM13568642

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