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Question 5 [5 points) it an investment can earn 8.75% compounded monthly what minimum amount of money will sustain withdrawals of $900 at the beginning

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Question 5 [5 points) it an investment can earn 8.75% compounded monthly what minimum amount of money will sustain withdrawals of $900 at the beginning of every quarter year for 7 years, 9 months? For tuil marks your answer(s) should be rounded to the nearest cent Present value = $ 0.00 Question 6 [5 points) Rebecka and Stefan want to save $20,000 over the next two years for a down payment on a house What amount must they regularly save from their month-end pay cheques i their savings can earn 8.75% compounded semi-annually For full marks your answer(s) should be rounded to the nearest cent Amount to save per month = $ 0.00 Question 7 2 points Bruce is trying to save for a down payment on a condominium by depositing $100 into a savings account every month for 5 years. The account earns 4 50% interest compounded quarterly What value of N should be used to calculate the future value of this annuity? N = 0.00

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