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A 13-year annuity pays $1,900 per month, and payments are made at the end of each month. The interest rate is 8 percent compounded monthly
A 13-year annuity pays $1,900 per month, and payments are made at the end of each month. The interest rate is 8 percent compounded monthly for the first five years and 7 percent compounded monthly thereafter. What is the present value of the annuity? Multiple Choice $190,990.07 $233.065,40 $187.245.17 $2.246,942.00 $193.500.26 Suppose an Investment offers to triple your money in 48 months (don't believe It). What rate of return per quarter are you being offered? Multiple Choice 7.11% 9.59% 6.4% 5.31% 7.8296 You are planning to make monthly deposits of $190 into a retirement account that pays 7 percent Interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years? Multiple Choice $243.384.21 $2.781,533.87 $231.794.49 $220.204.76 O $215,370.59
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