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An insurance company made an investment of $1 million four years ago into a reserve account....

An insurance company made an investment of $1 million four years ago into a reserve account. The interest rate was 4.6% a year with weekly compounding (52 weeks in a year). How much money does the firm have in the account today? 5 points The firm expects to pay out $20,000 a month from this account while earning 0.5% a month on the money. What will the firm have in the account seven years from now? 5 points

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