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Intro You're thinking of buying a small business that will generate a profit of $4,000 next year. Profits are expected to grow by 1% every
Intro You're thinking of buying a small business that will generate a profit of $4,000 next year. Profits are expected to grow by 1% every year forever. The interest rate is 5%. Part 1 Attempt 1/10 for 1 pts. What is the present value of these profits? 0+ decimals Submit Intro You take out a 360-month fixed-rate mortgage for $400,000 with a monthly interest rate of 0.2%. B Attempt 1/10 for 1 pts. Part 1 What is the monthly payment? 0+ decimals Submit Intro In order to save for your retirement, you want to save $3,000 every year for 35 years, starting one year from now. The annual interest rate on your savings account is 4%. Part 1 B Attempt 1/10 for 1 pts. How much money will you have in your account in 35 years? 0+ decimals Submit
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