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A. An investment offers $6,059 per year for 20 years, with the first payment occurring 5 years from now. If the required return is 2.15
A. An investment offers $6,059 per year for 20 years, with the first payment occurring 5 years from now. If the required return is 2.15 percent, what is the value of the investment? Round your answer to the nearest integer.
B.You currently have $38,549 in a bank account that pays you 4 percent interest annually. You plan to withdraw $710 (starting 1 year from now) every year for the next 13 years in the same account. How much are you going to have in that account at the end of 13 years? Round your answer to the nearest integer.
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