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i) Suppose Bianca has $1,100,000 saved for an early and fancy retirement. The money is invested in RedditAMCShares (account #MV03261939). The investment compounds interest each
i) Suppose Bianca has $1,100,000 saved for an early and fancy retirement. The money is invested in RedditAMCShares (account #MV03261939). The investment compounds interest each month and earns 9% annual interest. How much can be withdrawn each month, if the withdrawals are to last for 15 years? (Round to the nearest cent/penny) Write your answer in complete sentence form. nearest cent penny, write your answ plete sent ii) Suppose Micah wants to buy a posh residence for a full price of $758,000. The downpayment will be 10% of the full price. The rest will be borrowed on a 30-year term loan (Loan #M284210). The annual loan rate is 5%, and is compounded monthly. What is the regular loan payment? (Round to the nearest cent/penny) Write your answer in complete sentence form. i) Suppose Bianca has $1,100,000 saved for an early and fancy retirement. The money is invested in RedditAMCShares (account #MV03261939). The investment compounds interest each month and earns 9% annual interest. How much can be withdrawn each month, if the withdrawals are to last for 15 years? (Round to the nearest cent/penny) Write your answer in complete sentence form. nearest cent penny, write your answ plete sent ii) Suppose Micah wants to buy a posh residence for a full price of $758,000. The downpayment will be 10% of the full price. The rest will be borrowed on a 30-year term loan (Loan #M284210). The annual loan rate is 5%, and is compounded monthly. What is the regular loan payment? (Round to the nearest cent/penny) Write your answer in complete sentence form
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