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QUESTION 13 How much money will you accumulate by the end of 30 years if you invest $200 per month and you start out with
QUESTION 13 How much money will you accumulate by the end of 30 years if you invest $200 per month and you start out with $30 000 in the bank? Assume the interest rate your money earns is 8% per year and you start saving next month. $55 505 $30 000 $628 131 $626 144 QUESTION 11 S.L. Umlord is considering buying a building that produces annual income after expenses of $7 000. He planned to keep the investment for 10 years and wants a 10% return on his investment each year. He will sell the building for 250 000. How much should he pay for the building? $132 938 $128 317 $143 012 $139 398 QUESTION 16 You have $20 000 in the bank when you start saving plan to put in the bank $300 per month starting immediately for the next 15 years. You expect the amount of money you will have at the end of 15 years will be $170 642. How much is the annual interest rate you are earning on your money? 6.69% 6.59% 7.03% 8.04%
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