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7. Suppose $6,000 was invested in a mutual fund of common stocks 10 years ago. Additional contributions of $3,000 per year were invested cach year.

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7. Suppose $6,000 was invested in a mutual fund of common stocks 10 years ago. Additional contributions of $3,000 per year were invested cach year. The fund has grown in value at a rate of 7% per year, compounded annually. Either identify the financial function command (with each numerical value reported in correct sequence) that would solve for the accumulated value of this investment account or calculate this value. [8 points) 8. A house was purchased for $150,000 11 years ago and now has a market value of $200,000. Identify the financial function command (with each numerical value reported in correct sequence) that would solve for the annual rate of price appreciation. [6 points] 9. You have received an inheritance of $125,000 and plan to withdraw an equal amount at the beginning of each month for the next 5 years. Assume you can earn 12%, compounded monthly, on funds that have not been withdrawn. (12 points] a) Calculate the amount that can be withdrawn each month. (b) Identify the financial function command (with each numerical value reported in correct sequence) that can be applied to solve part (a)

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