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If you invest $6,000 per year to your Roth IRA account between now and your target retirement in 34 years, how much will you have
If you invest $6,000 per year to your Roth IRA account between now and your target retirement in 34 years, how much will you have in your retirement account as you retire (assuming an annual return of 7.88%, and each contribution is at the end of each year)? (Please enter your answer to the penny.) Question 5 10 pts You want to finance a new car. The car costs $38,891, and you want to pay for the car over 5 years. The dealership is offering a promotional interest rate of 4.72%. If you have to borrow the full amount of $38,891, how much would your monthly payment be? (Please enter your answer to the nearest penny.)
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