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month. 2- Simon recently received a credit card with an 21.25% nominal interest rate. With the card, he purchased an Apple iPhone 6 for $385.71.
month. 2- Simon recently received a credit card with an 21.25% nominal interest rate. With the card, he purchased an Apple iPhone 6 for $385.71. The minimum payment on the card is only $10 per Hof Layla makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the cand round to the nearest month. (1.5 point) 1 Page 4- Your client is 39 years old. She wants to begin saving for retirement, with the first payment come one year from now. She can save 59300 per year, and you advise her to invest in the market, which you expect to provide an average return of 10% in the future. a) If she follow your advice, how much money will be have at 78761.5 point) b) How much will she have at 832 (1.5 point) e/ She expects to live for 20 years if she retires at 78 and for 15 years if she retires at 8.1f her investments continue to carn the same rate how much will she be able to withdraw at the end of each year after retirement at each retirement age? (3 point)
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