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25. $ You plan to start your own business in 5 years once you graduate from college and get situated. You plan save $1,500 every

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25. $ You plan to start your own business in 5 years once you graduate from college and get situated. You plan save $1,500 every quarter for the next 5 years. The market rate you can earn is 9%; how much will your investment accumulate to when you are ready to start your business? (Round to nearest dollar) 26. $ Your favorite aunt has committed to provide you with $75,000 for a down payment for your first home. You mentioned to her you plan to buy a home in 6 years. She agrees to set aside money for you today so she will have money to give you when you purchase your first home. The market rate she can earn over the investment period is 12% and it will compound monthly, what amount will she set aside today? (Round to nearest dollar) 27.5 You won the lotteryl The lottery administration is giving you the choice of taking annual payments of $150,000 for the next 20 years or take the lump sum payout today. The lottery administration uses a 4.5% interest rate. What is the value of the lump sum payout? (Round to nearest dollar)

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