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QUESTION 1 The financial objective for a firm is to accumulate $6,000,000 in 6 years, investing money quarterly at the beginning of e assumed to

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QUESTION 1 The financial objective for a firm is to accumulate $6,000,000 in 6 years, investing money quarterly at the beginning of e assumed to earn 3% annual interest, how much must be invested per quarter to accumulate the $6,000,000? (round to A. 250,000 OB. $236.419 C. $226,488 OD. $227,102 O E $227,403 QUESTION 2 You plan to save $650 per year for the next 8 years. If your bank offers you an annual interest rate of 10%, how much money (round of year 87 Assume each cash flow is deposited into your account at the end of year O A. $5,200 OB. 85 720 -k Save and Submit to save and submit. Click Save All Answers to save all answers

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