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  3. 1-5 1. elyse requires $180,000 in five years

1-5 1. Elyse requires $180,000 in five years to purchase...

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Accounting

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1. Elyse requires $180,000 in five years to purchase a new home. What amount must be invested today in an investment that earns 4% interest, compounded annually? 2. What interest rate the nearest percent) must Derek earn on a $287,500 investment today so that he will have $650,000 after 14 years? 3. On January 1, 2021 Warren Corp. issued ten-year bonds with a face value of $900,000 and a stated interest rate of 10% payable semiannually on July 1 and January 1. The bonds were sold to yield 12%. Calculate the issue price of the bonds. 4. Dorman Company wishes to accumulate $600,000 by May 1, 2024 by making 10 equal annual deposits beginning May 1, 2014 to a fund paying 6% interest compounded annually. What is the required amount of each deposit

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