Question 25 (4 points) You are planning for retirement 34 years from now. You plan to invest $5,300 per year for the first 9 years, $8,600 per year for the next 13 years, and $10,000 per year for the following 12 years (assume all cash flows occur at the end of each year). If you believe you will earn an effective annual rate of return of 12.1%, what will your retirement investment be worth 34 years from now? $59,182.87 $52,794.71 $2,288,630.30 $2,565,554.57 $1,151,677.45 Question 24 (4 points) Saved You are valuing an investment that will pay you $21,000 per year for the first 9 years, $29,000 per year for the next 12 years, and $68,000 per year the following 16 years (all payments are at the end of each year). Another similar risk investment alternative is an account with a quoted annual interest rate of 13.00% with monthly compounding of interest. What is the value in today's dollars of the set of cash flows you have been offered? $1,625,000.00 $199.379.11 O $184,821.12 $235,865.49 $168,392.37 Question 22 (4 points) Saved You plan to buy a car that has a total "drive-out" cost of $24,600. You will make a down payment of $1,230. The remainder of the car's cost will be financed over a period of 4 years. You will repay the loan by making equal monthly payments. Your quoted annual interest rate is 14% with monthly compounding of interest. (The first payment will be due one month after the purchase date.) What will your monthly payment be? $754.61 O $631.26 O $668.39 $638.62 $595.00