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Finance

1. Victor made deposits of $5000 at the end of each quarter at the shady bank, which pays 8% interest compounded quarterly. After 3 years he makes no deposits but leaves the money in the account. What will be in the account 2 years after the last deposit.

2. Janet Jackson plans on retiring in Florida in 20 years. She can save $150 monthly and her market pays %12 compounded monthly. What will she have in 20 years?

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Financial Management, Finance

Category:- Financial Management
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