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Question 1 1 pts Martha starts saving for her retirement by making monthly deposits into a retirement account whose annual rate is 3.4%. She
Question 1 1 pts Martha starts saving for her retirement by making monthly deposits into a retirement account whose annual rate is 3.4%. She plans to retire in 22 years with an amount of money that has the same buying power as $250,765 has today. If the anticipated rate of inflation if 2.9%, how much should each of her deposits be? Round your answer to the nearest dollar. Question 2 1 pts Jack borrows $25,297 to pay for a car. The loan carries an annual rate of 5.7% and he wants to be debt free in 6 years by making biweekly payments (26 per year). How much interest will he pay on this loan? Round your answer to the nearest dollar.
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