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please answer all UTSA 9. You save $1000each month and plan to retire in 30 years. If your investments earn 1% per month and your

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UTSA 9. You save $1000each month and plan to retire in 30 years. If your investments earn 1% per month and your first payment into your retirement account starts 1 month from today with the last payment after 30 years, what amout will you accumulate at the time of retirement? A. $2,999,213 B. $3,001,271 C. $3,176,256 D. $3,494,964 E. $3,761,219 10. You have just won a lottery that will pay $40,000 per year starting one year from today and forever. What is the present value of your earnings if the rate of interest is 10 % per year? A. $200,000 B. $275,000 C. $300,000 D. $350,000 E. $400,000 11. You borrow $1200 at 8% per year. Your payments are $96 per year, and start one year from today. How long will it take for you to pay off your loan? A. 9 years B. 12 years C. 15 years D. 22 years E. Forever 12. Compute the present value of a growth perpetuity whose first payment of $100 is received 4 years from today. Payments grow at 5% per year thereafter and the rate of interest is 10% per year. A. $1502.6 B. $1700.4 C. $2000.0 D. $2134.5 E. $2256.3 13. A music system at Best Buy costs $2400. If there is a 0% interest rate financing option for the entire amount, what is the monthly payment on the loan with 24-month financing? A. $50 B. $70 C. $90 D.$100 E. $110

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