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1) You are paid $19,975 41 months from now. Your monthly rate is 2.914%. What is the current value of the money? 2) What is

1) You are paid $19,975 41 months from now. Your monthly rate is 2.914%. What is the current value of the money?

2) What is the future value of $2,694? The time horizon is 7 years and the discount rate is 10.91%.

3) Jessica hits retirement with $4,313,686 in her account, the account pays 6.89%. She plans on living off of the returns for another 43 years. How much can she draw from the account annually?

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