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a. Please calculate the answers. You must tell me what you used for each of the variables or you will not get full credit You
a. Please calculate the answers. You must tell me what you used for each of the variables or you will not get full credit You are thinking about buying a bond that pays $40 every 6 months for the next 5 years. At the end of the 5 years you will also receive $1,000. What would be the annual return if you paid $950 for it today? b. You decide to invest $400 a month starting today in your 401(k) plan. It already has $5000 in the account. You expect to earn a 9% annual return. How much will you have in your 401(k) account if you continued to invest the $300 a month for 20 years
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