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hw help multiple choice questions Mike is considering investing $18,500 in an investment that will have a maturity value of 532.500 in 3 years. If

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Mike is considering investing $18,500 in an investment that will have a maturity value of 532.500 in 3 years. If the interest is compounded monthly, what is the annual rate of return earned on the investment? 3.6.52% b. 8.78% Oc5.66754 d.7.06% 6.4.2994 Kim has just graduated from law school. She had taken an education Joan of $45.000, which now needs to be repaid in equal monthly installments over the next 6 years. The amount of the monthly loan payment, if the loan carries a simple annual interest of 5% is closest to O . 5689,76 b. 5702.46 O $65892 Od:5724 72 Qe56615 Jude wants to receive 51.100 at the beginning of each of the next eight years. If his opportunity cost rate is 9 percent compounded annually, the amount be must deposit in an account today is closest to O a $7.254 Ob 57,086 Oc56,420 d. 56,636 e: 56,874

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