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12. Suppose you are looking to begin investing $500 a month into an account that pays 13.5% per year. If you are currently 25 years

12. Suppose you are looking to begin investing $500 a month into an account that pays 13.5% per year. If you are currently 25 years old and plan to retire in 40 years, what will this account be worth upon retirement?

13. If the discount rate increases, then the present value of a lump sum will decrease. T or F?

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