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An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the

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An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. a. If other investments of equal risk earn 6% annually, what is its present value? Round your answer to the nearest cent. $ b. If other investments of equal risk earn 6% annually, what is its future value? Round your answer to the nearest cent. $ Your client is 37 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $7,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 9% in the future. a. If she follows your advice, how much money will she have at 657 Round your answer to the nearest cent. $ b. How much will she have at 707 Round your answer to the nearest cent. $ c. She expects to live for 20 years if she retires at 65 and for 15 years if she retires at 70.1 her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Round your answers to the nearest cent. Annual withdrawals if she retires at 65: $ Annual withdrawals if she retires at 70

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