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19. Mike just decided to save money each year for the next four years to help fund a new property. If it earned 10% on

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19. Mike just decided to save money each year for the next four years to help fund a new property. If it earned 10% on its savings, what does the savings worth today (NPV)? End of Amount year: Saved: $ 15,000 $ 20,000 $ 25,000 $ 30,000 a. $69,439 b. $72,288 c. $83,569 d. $95,365 20. You are approved with a student loan for the 4-year college education to cover tuition $12,500 per semester. The interest charge for this commercial student loan is APR 6%. How much is your debt at the time when you graduate from college after 4 years? a. $100,000 b. $108,250 c. $114,489 d. $125,323

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