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8 please In Exercises 7 and 8, calculate the rent of the...

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Finance

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In Exercises 7 and 8, calculate the rent of the increasing annuity. 7. A deposit is made at the end of each month into a savings account paying 1.8% interest compounded monthly. The bal- ance after 1 year is $1681.83. 8. Money is deposited at the end of each week into an invest- ment paying 2.6% interest compounded weekly. The balance after 3 years is $16,382.52

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