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May you help me? Question 2 Becky Kwok is currently considering investing specified amounts...

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Finance

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Question 2 Becky Kwok is currently considering investing specified amounts in the following two investment opportunities described below. Investment A: Invest a lump sum of $52,000 today in an account that pays 8% annual interest, compounded monthly and leave the funds on deposit for exactly 10 years. Investment B: Invest $1,200 at the beginning of each month for the next 5 years in an account that pays 10% annual interest, compounded monthly. (a) For investment A, draw the necessary timeline and determine the account balance at the end of year 10. (6 marks) (b) For investment B, draw the necessary timeline and determine the account balance at the end of year 5. (6 marks)

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