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Easy Finance Question. Please Help. Please Answer all 3 questions Question 6 (1 point) Listen An investment promises a return of 15%. It will require
Easy Finance Question. Please Help. Please Answer all 3 questions
Question 6 (1 point) Listen An investment promises a return of 15%. It will require that you will make payments of $1,600 in two, three and four years. Then you will have to make payments of $4,700 in 7, 8 and 9 years. No other payments are required. How much will you have in 17 years? Your Answer: Answer Question 7 (1 point) Listen An investment promises to pay $1,000 for the next three years, an unknown amount in the fourth year and $1,700 in the fifth year. What should the value of the fourth year payment be if the investment is required to yield 10% and is selling for $8,000? Your Answer Answer Question 4 (1 point) Listen You have $15,000 saved. Additionally, you plan on saving $1,750 every year for the next 5 years. You will then withdraw $1,000 for 3 additional years. What will your balance be in 11 years? This account yields 13% every year. Your
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