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30.) You want to go to Europe 5 years fomnow, and you can save $8,500 per year, begirring one year fom today. Youplan to deposit
30.) You want to go to Europe 5 years fomnow, and you can save $8,500 per year, begirring one year fom today. Youplan to deposit the funds in a mutual fund thatyou think will retum 8.5% per year. Under these conditions, how much would you have just after you make the 5 th deposit, 5 years fom now? 31.) What is the PV of an ordinary annity with 10 payments of $2,500 if the appropriate interest rate is 5.5% ? 32.) What is the present value of the following cash low stream at a rate of 10.5% ? 33.) Charter Bank pays an 8.90% nomnal rate on deposits, with semiannual compounding. What effective annual rate (EFF\%) does the bank pay
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