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Exercise 9 : You have just purchased 1 0 0 shares of General Electric stock at $ 6 0 per share. You will sell the

Exercise 9: You have just purchased 100 shares of General
Electric stock at $60 per share. You will sell the stock when its
market price has doubled. If you expect the stock price to
increase 20% per year, how long do you expect to wait before
selling the stock? Draw the CF, list all variables you have and find
N.Exercise 10: Suppose you make an annual contribution of $3,000
to your savings account at the end of each year for 10 years. If
your savings account earns 7% interest annually, how much can
be withdrawn at the end of 10 years? Draw the CF diagram, list
all the variables you have, and find F.
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