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9. You want to have $30,000 for a down payment on a house 7 years from now. If you can earn 7 percent, compounded annually,

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9. You want to have $30,000 for a down payment on a house 7 years from now. If you can earn 7 percent, compounded annually, on your savings, how much do you need to deposit today to reach your goal? A. $17,133.35 B. $17,420.73 C. $20,796.24 D. $21,796.24 E. None of the above 10. You have $1,000 today and want to double your money in 7 years. What interest rate must you earn if the interest is compounded annually? A. 11.41 percent B. 16.90 percent C. 16.99 percent D. 24.57 percent E. None of the above 11. HOP, Inc. pays a constant annual dividend of $1.70 a share and currently sells for $28.50 a share. What is the rate of return? A. 4.56 percent B. 5.39 percent C.5.61 percent D. 5.66 percent E. None of the above

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