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ANSWER ALL QUESTIONS PLEASE 1) you invest $4457 at the beginning of every year and your friend invest $4457 at the end of every year.
ANSWER ALL QUESTIONS PLEASE
1) you invest $4457 at the beginning of every year and your friend invest $4457 at the end of every year. If you both earn an annual rate of return of 11.26%, how much more money will you have after 31 years?
2) you currently have $1027 in a retirement savings account that earns an annual rate of return of 9.94%. You want to retire in 47 years with $1 million. How much more do you need to save at the end of every year to reach your retirement goal?
3) you currently owe $4532 of your credit card that charges an annual interest rate of 21. 46%. You make $163 of new charges every month and make a payment of $288 every month. What will your credit card balance be in three months?
4) you would like to retire in 37 years. The expected rate of inflation is 3.48% per year. You currently have a standard of living that requires $8496 of monthly expenses. Assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement?
5) you purchases a house for $190,950. You made A down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of four. 90%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment?
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