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Show calculation how to solve the next 3 questions ( show work) 1. Stark Enterprises’ dividends...

Show calculation how to solve the next 3 questions ( show work)

1. Stark Enterprises’ dividends increased from $0.25 per share to $1.30 per share over the past six years. What was the growth rate in dividends over this six year period?

2. Johanna wants to start saving for a vacation and plans to put four annual deposits of $1200 each into an account earning 5 percent, compounded annually. How much will she have in her account in four years if she starts saving immediately and makes deposits at the beginning of each year?

3. Eighteen years ago Eleanor deposited $3020 into an account earning 3 percent, compounded annually. How much is in her account today?

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