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Find the future value of $85,000 invested for 14 years at an interest rate of 7.4 percent per year compounded monthly. $238,762.66$230,929.21$171,417.99$187,422.05$249,934.56 Question 24 2
Find the future value of $85,000 invested for 14 years at an interest rate of 7.4 percent per year compounded monthly. $238,762.66$230,929.21$171,417.99$187,422.05$249,934.56 Question 24 2 pts An insurance company is trying to sell you an investment policy that will pay you and your heirs $90,000 per year forever. If the required return on this investment is 6.0 percent, how much will you pay for the policy? $1,800,000 $1,200,000 $900,000 $2,000,000 $1,500,000
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