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Please answer 10 and 11 and show work thanks 0. Now, suppose your uncle would like to have enough money saved to receive a growing
Please answer 10 and 11 and show work thanks 0. Now, suppose your uncle would like to have enough money saved to receive a growing variable) perpetuity for the foreseeable future, growing at a rate of 5% per year, with the first payment of $650,000 occurring exactly one year after his retirement. How much would he need to save in his retirement fund to achieve this goal? (The interest rate is now at 12.5%. a. S13,000,000 b. $81,250 c. $5,200,000 d. $8,666,667 e. $48,750 11. Your aunt is planning to lease a Mercedes Benz E500 luxury car and the dealer's sticker price is $95,000. The lease will be for 30 months only. At the end of 30 months, the car will be worth $48,500. If the implied money factor for this lease is 4.5% APR, what will be the monthly payments on this lease for 30 months? To the nearest dollar. a. $1,824.00 b. $1,484.26 c. $1,535.00 d. $1,494.05 e. None of the above
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