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D Question 2 0.4 pts How much must you deposit in a bank account today to have $1000 at the end of 9 years if the bank quotes a rate of 1.2%, compounded daily? Assume a 365-day year. $898 O $111 $321 $1,113
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solution: PV-FV/(1+r)An PV-1000/(1+(0.012/365))A(9*365)) PV-1000/1.1140456 PVE Fy Future value PV Present value r rate per pe

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