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Please answer 13 and 14, thank you! You want to invest an amount today that will last for 5 years and allow you to withdraw
Please answer 13 and 14, thank you!
You want to invest an amount today that will last for 5 years and allow you to withdraw \$615 at the end of each 6-mohth period. You earn 6\% APR compounded semiannually on your investment. How much do you need to invest today to achieve your goal? Your Answer: Answer Question 14 (0.15 points) How many months will it take you to pay off a loan of $13,000 at 5% APR compounded monthly if you make monthly payments of $1000 Step by Step Solution
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