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21. Angelas Accessories offers credit to its customers and shares interest of 2 percent per is the annual percentage rate? marges interest of 2 percent

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21. Angelas Accessories offers credit to its customers and shares interest of 2 percent per is the annual percentage rate? marges interest of 2 percent per month. What A. 20.18 percent B. 21.71 percent C. 24.00 percent D. 25.36 percent Tour parents spent $4,500 to buy 300 shares of stock in a new company 20 years ago. The stock appreciated 11 percent per year on average. What is the current value of those 300 shares A. $9,900.00 B. S14,400.00 C. $33,435.38 D. $36,280.40 23. Your brother will receive $450 a month for the next six years from an insurance settlement. The interest rate is 5 percent, compounded monthly, for the monthly, for the final four years. What is this settlement worth to your brother today! A. $18,975.37 B. $21,537.72 C. $24,364.82 D. $27,430.45 24. Twenty years ago, you deposited $1,000 into an account. Fifteen years ago, you added an additional $3,000 to your account. You earned 6 percent, compounded annually, for the first 5 years and 10 percent, compounded annually, for the last 15 years. How much money do you have in your account today? A. $4,925.34 B. $5,634.48 C. $13,880.59 D. $18,121.84 25. Travis invested $10,000 into a retirement account. He expects to earn 8 percent, compounded annually, on his money for the next 26 years. After that, he wants to be more conservative, so only expects to earn 5 percent, compounded annually. How much money will he have in his account when he retires 38 years from now? Assuming this is the only deposit he makes into the account. A. $129,411.20 B. $132,827.88 C. S134,616.56 D. $141,919.67

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