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A contract requires end-of-month payments of $265 for another 7 1/4 years. What would an investor pay to purchase this contract if she requires a
A contract requires end-of-month payments of $265 for another 7 1/4 years. What would an investor pay to purchase this contract if she requires a rate of return of 1.8% compounded monthly? (Do nor round intermediate calculations. Round your final answer to 2 decimal places.) Investor would pay $ Calculate the amount that must be invested at the end of each year at 9.9% compounded annually in order to arcumulate $590,000 after: (Do not round intermediate calculations and round your final answers to 2 decimal places) a. 30 years b. 35 years. In each case, also determine whal portion of the $590,000 represents earnings on the annual investments. Reund your intermediate calculations and finel answers to 2 decimal places) a. Earnings person b. Lannings portion
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