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Calculate how much money needs to be deposited now to a) receive in 2 years...

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Finance

Calculate how much money needs to be deposited now to a) receive in 2 years EUR 720 if the interest rate in the first year is 4.5% with fruit capitalization quarter of periods, but thereafter the effective discount rate is 6% per annum; (b) after 11 years would receive EUR 12000 if the interest rate is 3.0% per annum in year 1 and the rate for the next odd years increases by 0.5%.

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