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Question 5 2 pts How much would you have to invest today to be able to withdraw $6,905 each month, for 10 months, starting 6
Question 5 2 pts How much would you have to invest today to be able to withdraw $6,905 each month, for 10 months, starting 6 months from now, if your investments earn 3.84% APR (compounded monthly)? Question 6 2 pts You plan on going on a 6 month vacation 7 months from now. You can pay $3,642 per month during the vacation, or you can pay $37,663 today. If you pay today, how much does it save (or cost) you in present value term if your investments earn 4.09% APR (compounded monthly)? If it costs you more to pay today, state your answer with a negative sign (eg., -2000)
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