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PLEASE ANSWER ALL QUESTIONS. Upon graduating from college, you make an annual salary of $64,719. You set a goal to double it in the future.
PLEASE ANSWER ALL QUESTIONS.
Upon graduating from college, you make an annual salary of $64,719. You set a goal to double it in the future. If your salary increases at an average annual rate of 4.41 percent, how long will it take to reach your goal? Round the answer to two decimal places. John plans to buy a vacation home in 5 years from now and wants to have saved $81,508 for a down payment. How much money should he place today in a saving account that earns 5.59 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places A car dealership offers you no money down on a new car. You may pay for the car for 4 years by equal monthly end-of-the-month payments of $741 each, with the first payment to be made one month from today. If the discount annual rate is 14.06 percent compounded monthly, what is the present value of the car payments? Round the answer to two decimal placesStep by Step Solution
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