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please answer all 4 multiple choice questions (check allows me to submit 4) A $20,000 investment compounds monthly for 120 months and grows into $28,000.
please answer all 4 multiple choice questions (check allows me to submit 4) A $20,000 investment compounds monthly for 120 months and grows into $28,000. What is the APR provided by this investment? .2896 2.81% 3.37% 2896 3.10% What is the rate of return on a perpetuity that provides an annual payment of $216 and sells for $3,600? 3% 696 5% 4% 79 If you double the initial investment, then the future value will be more than doubled for a multi-period investment, everything else equal Hint FV-PVX (119 True False 3.5 points You plan to retire 30 years from today. You wish to have enough in your retirement account to provide you with 550.000 at the end of each year for 20 years after you retire. How much must you place in the account today? Use an interest rate of 7%. 560 585.26 $99,851.47 $144173.72 $209 507.57 5306.456.13
please answer all 4 multiple choice questions (check allows me to submit 4)
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