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#5. Assume that your goal is to have $2 million when you are 60 years old. If you can make 12% per year on your

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\#5. Assume that your goal is to have $2 million when you are 60 years old. If you can make 12% per year on your money, then at what age should you have 1 million sitting in your account? \#6. There are two investments being offered to you. One pays you $100,000 at the end of ten years. Another one pays you $70,000 at the end of year 9 and $30,000 at the end of year 11. If your required return on investment is 8.85%, which would you pick? \#7. Find the IRR of the following investment: At time Zero, the cost of the project is $2,500. The rest of the cash flows are: $500 for year one and two, $750 for year three, and $1,275 for year 4

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