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Need help An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $400
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An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $400 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 7% annually, wha its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent. Present value: $ Future value: $ What's the future value of a 6%, 5-year ordinary annuity that pays $500 each year? If this was an annuity due, what would its future value be? Do not round intermediate calculations. Round your answers to th nearest cent. Future Value of an Ordinary Annuity: $ Future Value of an Annuity Due: $ You have $37,623.47 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $200,000. You expect to earn 10% annually on the account. I many years will it take to reach your goal? Round your answer to the nearest whole number. years Your parents will retire in 23 years. They currently have $250,000 saved, and they think they will need $900,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places. %Step by Step Solution
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