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1. You need $200,000 for your child's education in 15 years. You are planning to save every month with an APR of 6 percent interest

1. You need $200,000 for your child's education in 15 years. You are planning to save every month with an APR of 6 percent interest rate. How much should you save every month?
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The cash flows of an investment are as follows: a. What is the IRR of the investment? ( 3 pts) b. What is the profitability ratio? (5 pts)

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