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Accounting

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Amy Ross has $20,300 to invest today at 10% to pay a debt of $52,653. How many years will it take her to accumulate enough to liquidate the debt? (Round answer to 0 decimal places, e.g. 45.)

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years

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What is the amount of the payments that Steve Winslow must make at the end of each of 9 years to accumulate a fund of $96,300 by the end of the 9th year, if the fund earns 9% interest, compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Payment at the end of each year

$

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