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What amount today is equivalent four years

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Reference no: EM132873627

Question 1: What amount today is equivalent to $10,000 4 years ago, if money earned 5.5% compounded monthly over the last 4 years?

Question 2: How long will it take a $2000 investment to grow to $2501.50 if it earns 4.5% compounded quarterly?

Reference no: EM132873627

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