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6 Please answer all parts of the question, please. Thank you :) Question 19 (5 points) You want to deposit a sum of money today
6 Please answer all parts of the question, please. Thank you :)
Question 19 (5 points) You want to deposit a sum of money today that will enable you to withdraw $15,000 a year for 6 years beginning one year from today. If you can deposit the funds in a bank that offers a stated annual rate of 12% compounded monthly, how much must you invest today? $90,000 $60,495 $61,671 $53,687 None of the above Question 20 (5 points) After thorough research, you conclude that Gore Inc.'s dividend will grow at its present rate of 10% for 2 more years. After the payment in year two, the growth rate in dividends will dwq-qa0wp-rop to 3% permanently. The last dividend (which was just paid) was $1.50. If the required rate of return is 8%, what is the current value of the stock? $26.67 $27.80 $29.80 $30.06 None of the above answers is correct. e. $36.64 $34.15 $37.95 $35.14 None of the above answers are correctStep by Step Solution
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