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What will the account balance be in 9 years

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1. If you want to have $5,362 in 33 months, how much money must you put in a savings account today? Assume that the savings account pays 11% and it is compounded monthly. Round to two decimal places.

2. If Samuel deposits $11,040 into a bank account that pays 5.91% interest compounded quarterly, what will the account balance be in 9 years? Round to two decimal points.

Reference no: EM131975472

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