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Part B: Problem 1: UltraGood Investment Inc. wishes to accumulate funds to afford the retirement plan of the Vice President of Marketing, Carla. By contract,

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Part B: Problem 1: UltraGood Investment Inc. wishes to accumulate funds to afford the retirement plan of the Vice President of Marketing, Carla. By contract, Carla will retire exactly 10 years from now. At the end of the first year after her retirement, she is entitled to receive a yearly payment of $2,000 over the next 20 years. Additionally, she will obtain a fixed amount of $100,000 one month after her retirement. Moreover, she will receive 4 annual payments for the tuition fees of her child at the beginning of each year following her retirement (irst payment in exactly 10 years from now; The first payment is $30,000. During the 10-year "accumulation period , UltraGood wishes to fund the retirement plan by making equal monthly deposits at the end of each month. Once the 20-year "distribution period" begins, UltraGood plans to move the accumulated money into another account. The annual interest rates of the accumulation and the distribution periods correspond respectively to 4% and 3% APR. 1) What would be the PV at year 10 of the yearly payments of $2,000 www.euruni.edu

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