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Emery is currently 30 years old and wants to retire at age 65. She forecasts an 8% return compounded monthly before retirement. The amount of
Emery is currently 30 years old and wants to retire at age 65. She forecasts an 8% return compounded monthly before retirement. The amount of money she will need at age 65 has been calculated as $492,345 by her certified financial planner. How much will Emery need to save at the end of each month leading up to retirement, approximately, if she already has a lump sum amount of $25,000 saved today in the retirement plan? Select one: O a. $37 O b. $87 C. $115 d. $225 O e. $295 Lethbridge Manufacturer's annual dividend per share has been $3.25 for the last 85 years. No change is expected in the future and you require a return of 14% to invest in an asset of this type of risk. What is the intrinsic or theoretical value of this firm's share? Select one: O a. $177.80 O b. $23.21 O c. $28.55 O d. $320.18 e. There is not enough information to calculate the value
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