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24 Donald and Melania will be retiring in five years and would like to buy a lake house for cash. They estimate that they will

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24 Donald and Melania will be retiring in five years and would like to buy a lake house for cash. They estimate that they will need $729,000 to buy the house. If they can earn 5% on their money, over the next ten years, how much must they invest at the end of each month to have accumulated enough by retirement? a. $1,389 b. $4,962 c. $43,500 1 d. $4,695 25). If a corporation has 97,000 shares of stock outstanding among 1,230 shareholders and its stock Is trading at $29, what is the market capitalization of the corporation? a. $1.947.000 b. $2,813,000 c. $2,183,000 d. $2,892,475,000

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