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1. You are 25 years old today and you plan to retire on your 45th birthday. You targeted saving plan at your retirement is $300,000.

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1. You are 25 years old today and you plan to retire on your 45th birthday. You targeted saving plan at your retirement is $300,000. You can actually invest at 8% compounded semi- annually. How much should you deposit today in your bank account to accumulate $300,000 at your retirement year? 2. Ted invests $1,400 at the end of each year for 7 years into an account that pays 6% compounded annually. What is the value of the investment at the end of the investment period? 3. Nada puts $500 in her savings account today, and expects to put another $800 at the end of this year, $1,200 the following year, and $2,000 in the third year. The bank compounds interest on a yearly basis and at a rate of 7%. How much is the future value of these payments if they are withdrawn in four years from today? 4. Find the present value of an annuity due, discounted annually, that pays $200 per year, with the interest rate today reaching 4.6%, and matures in 5 years.? 5. What is the present value of $10,000 discounted monthly for 10 years at a nominal rate 8%

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