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Question 3 1 pts You want to save an amount today that will pay for your future annual food bills that will start next year,
Question 3 1 pts You want to save an amount today that will pay for your future annual food bills that will start next year, and go for 24 years. The current annual cost of your food bill is $7,380, but the cost is rising at 3% per year. How much would you have to invest today, to fully pay for your future annual food bills if your investments earn 5.08% APR nominal (annual compounding). Question 4 1 pts You would like to buy a house and will need a down payment of $19,657 in 12 months. How much would you have to invest, each month, starting next month, for 12 months to exactly pay for the down payment if your investments earn 2.1% APR compounded monthly
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