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Question 25 (1 point) Biagio Fortuna deposits $3,000 a month, every month, for the next twenty years (20), in a utility fund. The fund is
Question 25 (1 point) Biagio Fortuna deposits $3,000 a month, every month, for the next twenty years (20), in a utility fund. The fund is expected to pay 7.35% for the life of the fund. What will the balance in Biagio's account be when he plans to withdraw in twenty years (compounded monthly) 1,630,912.00 1,893,303.16 2,569,329.49 2.067,325.55 Question 26 (1 point) Biagio Fortuna deposits $3,000 a month for 20 years in a fund expected to pay 7.35%. If the expected inflation rate is forecast to be 4% over this time, what will be the purchasing power in today's dollars (2020). Re-work using the real rate of interest 1,045,317.52 1,035,322.21 1.051,322.11 1,023,489.62
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