Question: Problem 5.01 Future Value) If you deposit $8,000 in a bank account that pays 4% interest annually, how much wil, be in your account after

Problem 5.01 Future Value) If you deposit $8,000 in a bank

Problem 5.01 Future Value) If you deposit $8,000 in a bank account that pays 4% interest annually, how much wil, be in your account after 5 years? Do not round intermediate calculations. Round your answer to the nearest cent. Problem 5.02 (Present Value) What is the present value of a security that will pay $21,000 in 20 years if securities of equal risk pay 7% annually? Do not round intermediate calculations. Round your answer to the nearest cent

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