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please show detailed calculations You want to receive $5,000 per month in retirement. You expect to retire in 25 years and you can earn 0.75%
please show detailed calculations
You want to receive $5,000 per month in retirement. You expect to retire in 25 years and you can earn 0.75% per month, how much do you need to invest now to meet your retirement goal? 3 marks
5. Suppose you borrow $6000 at 7% and you are going to make annual payments of $987.68. How long before you pay off the loan? 2 marks
6. Microhard Corporation is expected to pay a dividend of $10 per share next year. Investors anticipate that the annual dividend will rise by 5% per year forever. The required rate of return is 9%. What is the price of the stock today? 2 marks
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