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1) You deposit $2,000 in a saving s account that pays 10 percent interest, compounded monthly. How much will your account be worth in 5 years?

2) An insurance firm agrees to pay you $3,310 at the end of 10 years if you pay premiums of $200 per year at the end of each year for 10 years. Find the internal rate of return to the interest whole percentage

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