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Answers must be typewritten. a. Determine how much money (to the nearest dollar),that you must in...

Answers must be typewritten.

a. Determine how much money (to the nearest dollar),that you must invest today, at 7% per annum,compounded monthly,in order to obtain 1 million dollars in 30 years.

b. Determine how long it will take (to the nearest year),for $25,000, invested at an annual rate of interest of 10% and compounded quarterly,to grow to $200,000.

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