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QUESTION 1 An investment that will give you monthly payments for 8 years costs $132,087. If your required return is 9.84%, what is the monthly

QUESTION 1

An investment that will give you monthly payments for 8 years costs $132,087. If your required return is 9.84%, what is the monthly payment?

QUESTION 2

You will invest $133 per month. If the rate is 7.85%, how much will you have in 13 years?

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