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Question 15 8 pts At the beginning of this year, you must have $35,000 set aside to cover your total expenses for the current year
Question 15 8 pts At the beginning of this year, you must have $35,000 set aside to cover your total expenses for the current year at the University of Utah. How much would your parents have needed to invest 19 years ago in an account paying 6.0% to cover this amount? Round your dollar answer to 2 decimal places. Question 16 8 pts Evelyn just won a contract that will provide her firm with $139,000 one year from today, $124,000 two years from today, and $137,000 three years from today. What is the contract worth today at an interest rate of 7.4%? Round your dollar answer to 2 decimal places. Question 13 8 pts Photo Light Corp (PLC) just sold 14 million shares of stock in an initial public offering (IPO) at $51 per share. If the investment bank charged an underwriting fee of 12%, what is the total value of stock sold in the secondary financial market? Round your dollar answer to 2 decimal places. O $125 million O 714 million O $628 million O $0.00 Question 14 8 pts You want your daughter to be a millionaire. She is nine years old today when you deposit $75,000 in an investment account that earns 12%. The funds in the account will be distributed to your daughter whenever the total reaches $1,000,000. How old will your daughter be when she gets the money? O 59 O 22 O 31 0 48
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