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pls i need help Question 6 2.5 pts If you invest $6,000 per year to your IRA account between now and your target retirement in
pls i need help
Question 6 2.5 pts If you invest $6,000 per year to your IRA account between now and your target retirement in 22 years, how much will you have in your retirement account as you retire (assuming an annual return of 6.56%, and assuming you make each contribution at the end of each year)? (Please enter your answer to the penny.) Your rich Uncle Bertie invested $3,489 on your behalf 13 years ago into a hedge fund. You just found out that your share of that hedge fund is now worth $39,404. What was the average annual return on that hedge fund over the last 13 years? (Please respond with two decimal points - known as the 100 basis point - precision, for instance 19.02 for 19.02%). You have borrowed $27,772 and must make equal annual payments during the life of the loan, which is 6 years. Therefore, at the end of that time the loan balance must be zero. You agreed to pay 6.10% interest rate on the loan. How many dollars in Interest will you pay during the second year of the loan? Round to the nearest penny and enter your answer in the box belowStep by Step Solution
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