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Calculate answers to the following questions using future value and/or present value tables.
a.If $100 is deposited in an account paying 8 percent simple interest,what will be the value of the account in five years?
b.If an accumulation of $4,000 is desired at the end of four years,what amount must be deposited now to accomplish that goal,assuming 12 percent interest compounded annually?
c.A deposit of $1,000 made at the end of every six months for five years will grow to what amount,assuming 10 percent interest compounded semiannually?
d.What is the present value of $150 received at the end of each year for 4 years,assuming 9 percent interest compounded annually?
e.What amount must be deposited at the bank today to grow to $10,000 in five years,assuming 14 percent interest compounded semiannually?
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