Question 2 (10) How much should you invest today in a bank account paying interest...
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Question 2 (10) How much should you invest today in a bank account paying interest compounded quarterly: (a) if you wish to have 100,000 at the end of 6 years, if the bank pays 8.0% Annual Percentage Rate? (5) b) If you plan to have 800,000 at the end of 12 years, if you earn 11.5% annually
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