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Unformatted text preview: 3. You expect to receive $30,000 at graduation in two years and plan on investing it at 9% until you have $160,000. How long will you have to wait from today? 4. An investment offers to triple your money in 24 months. What rate per three months are you being offered? 5. You need $75,000 in 10 years. If you can earn .55 percent per month, how much will you have to deposit today?...
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- Spring '11