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Dewey sykes plans to open a business in four years when he

Question: 1. Dewey Sykes plans to open a business in four years when he retires. How much must he invest today to have $10,000 when he retires if the bank pays 2% annually, compounded quarterly?

2. Charlie Bryant has a child who will be college age in five years. How much must he set aside today to have $20,000 for college tuition in five years if he gets 1.5% annually, compounded annually?

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