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1.What is the total amount accumulated after 50 years if $1,000 were invested monthly with an APR of 3% compounded monthly? (use calculate) 2.How much
1.What is the total amount accumulated after 50 years if $1,000 were invested monthly with an APR of 3% compounded monthly? (use calculate)
2.How much money would have to be saved each month to reach $1,000,000 in 10, 20, 30, 40, 50 years with 3% APR?( use calculate)
3.A 5-year ordinary annuity has a present value of $1,000. If the interest rate is 8 percent and payments are semi-annual, what is the amount of each semi-annual payment?(use calculate)
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