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can you please show the step on how to do these problems on a financial calculator (the BA II plus) You are planning to make
can you please show the step on how to do these problems on a financial calculator (the BA II plus)
You are planning to make monthly deposits of $475 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value Live Forever Life Insurance Company is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $260,000. a. What is the monthly return on this investment vehicle? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the APR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the effective annual return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Monthly return % b. APR c. EAR de de % % Step by Step Solution
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