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Question 11 (5 points) Consider a growing annuity that will earn 11% annually and grow at 4% per year. Calculate the adjusted quarterly rate. Express

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Question 11 (5 points) Consider a growing annuity that will earn 11% annually and grow at 4% per year. Calculate the adjusted quarterly rate. Express your answer as a percentage to 2 decimal places. For example: 0.98 % or 2.13 %. Your Answer: Answer units Question 9 (10 points) Calculate the Present Value of a 19 year growing annuity considering the following information. The initial Cash Flow is $550 The annual interest rate is 12% The annual growth rate is 2% Cash flows will occur annually. Round your answer to the nearest dollar. Do NOT use a dollar sign. Your

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