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13 A client invests $1,000 every month, at the end of the month, beginning one month from twenty five years. The account is expected to
13 A client invests $1,000 every month, at the end of the month, beginning one month from twenty five years. The account is expected to earn 5.27%, compounded monthly, the balance in 25 years a. 463.234 .49 b. 503,245.25 c. 620,110.55 d 722,511.01 14 Reler to the previous question. If inflation is expected to be 3% over the next 25 years, using the real rate o interest, (nominal minus inflation), recalculate the previous question, reflecting the FVA's purchasing power in 2022 dollars. a. 397,325,44 b. 403.298 .63 c. 463,234.49 d 503,210.25 15 Serpentini Ford offers to sell your company a new Ford Mustang at MSRP. (Manufacturers Suggested Retail Price) and, of course, outstanding financing. The price is $42,000 and the advertised rate is 6.85%. Calculate monthly payments on this 5 year loan. a. 857.15 b. 843.55 c. 828.68 d. 816.87
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