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Using the Compound Interest Tables, Answer Each of the Following $100,000\$ 100,000

Question 88

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Using the compound interest tables, answer each of the following questions.
Required: a. Assuming that $100,000\$ 100,000 to be paid at the end of ten years has a present value today of $50,834.90\$ 50,834.90 , what interest rate compounded annually is used in the calculation of the present value?
b. What amount must be deposited today if $200,000\$ 200,000 is to be accumulated six years from today, and interest at 12%12 \% is compounded semiannually?

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