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Use the compound interest tables to answer the following questions. (Click here to access the PV...

Use the compound interest tables to answer the following questions.

(Click here to access the PV and FV tables to use with this problem.)

Required:

Round your answers to the nearest dollar.

a. How much will be accumulated on January 1, 2024 if $450,000 is deposited on January 1, 2020, and interest is compounded annually at 10%?

$

b. How much will be accumulated on December 31, 2028 if $80,000 is deposited on December 31, 2020, and the fund pays 9% interest compounded semiannually?

$

c. What will be on deposit on January 1, 2025 if $50,000 is deposited on January 1, 2020, in a fund that earns 16% interest compounded quarterly?

$

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The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

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