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Don would like to accumulate $850,000 by the time he retires in 30 years. If he can earn 8.3 percent return compounded annually, how much
Don would like to accumulate $850,000 by the time he retires in 30 years. If he can earn 8.3 percent return compounded annually, how much does he have to invest today? (Round to the nearest dollar.) OA. OB. OC. OD. $74,952 $76,353 $79,812 $77,726 A $150,000 mortgage is amortized over 25 years. If interest on the mortgage is 5.5 percent compounded semi-annually, calculate the size of monthly payments made at the end of each month OA. $951.59 OB. $910.59 OC. $901.59 OD. $915.59 If you want to have $10,000 for a down payment on a new car in three years' time, assuming an nterest rate of 4.5 percent compounded annually, how much money do you need to deposit as a lump sum today? O A. $8112 O B. $8650 O C. $8763 O D. $8712
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