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Casey decided to deposit $3500 at the end of each of the next 38 years into an account paying 7.5 percent interest, how much money

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Casey decided to deposit $3500 at the end of each of the next 38 years into an account paying 7.5 percent interest, how much money will she have in the account in 38 years? a $651,325.87 O b. $652,349.79 c. $675,829.28 Od $681,999.19 Oe. $716,228.07 Clear my choice You are planning to retire in exactly 30 years. Suppose you want to establish a fund that will pay you $65,000 at the end of each year for 20 Years following your retirement. You know that you will be able to earn 8% per year during your 20-year retirement period. How much will you need for your fund when you retire in 30 years to guarantee 20-year $65,000 retirement annuity? O a $638,179.58 O b. $642,529.69 Oc5655,225.24 O d. $692,859.49 O $731,755.92 Plug-N-Go, Inc., a producer of fuel cell systems that replace conventional batteries in equipment powered by electricity. The firm recently developed a new product with an improved efficiency, which will consequently increase their sales. The management of the firm believes the product can generate cash flows as the following: $250,000 per year for five years (year to year5) and $300,000 per year for next four years (year to year9). Calculate the present value of these stream of cash flows, assuming that the firm's discount rate is 15 percent. O a $1,002,246.28 O b: $1,263,867.42 Oc$1,360,222.58 Od. $1,422,684.65 Oe. None of above

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