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Answer Question 2 (0.15 points) Your mother just inherited $500,000. If she invests the money in a well-diversified, low-cost mutual fund returning 8% per year,

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Answer Question 2 (0.15 points) Your mother just inherited $500,000. If she invests the money in a well-diversified, low-cost mutual fund returning 8% per year, how many years will it take her investment to become worth $1,000,000? Your Answer: Answer Question 3 (0.15 points) You plan to deposit $350 each year into an IRA earning 6% interest annually. How much will you have in your account in 15 years? Your Answer: Answer Question 4 (0.15 points) If you deposit $6,000 in a 5-year certificate of deposit earning 1.5% with quarterly compounding, how much will it be worth in five years? Your

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