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Consider a monthly annuity and an interest rate of 2.4%. What is the periodic (monthly) interest rate? Answer in percent. Type your numeric answer and
Consider a monthly annuity and an interest rate of 2.4%. What is the periodic (monthly) interest rate? Answer in percent. Type your numeric answer and submit Unanswered (i=) Question 2.29 Homework + Unanswered Consider a weekly annuity for 6 years. How many cash flows will there be in total? Type your numeric answer and submit uppose you will receive $50 each week for 8 years. How much is this worth to you today if your discount rate is 9% ? Round to the iearest dollar. You'd like to save $2 million. How much should you save each year for the next 20 years in order to reach this goal? Assume your savings will earn a 5% annual return. Round to the nearest dollar. Suppose you have $30,000 in a savings account earning 2.4%. You would like to make equal monthly withdrawals from this account for the next 6 years to sustain your living expenses in college. What's the most you can withdraw? Round to the nearest dollar
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