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QUESTION 5 Find the present value of teceiving 560,000 in eight years if your required rate of return is 6% compounded annually Round intermediate steps

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QUESTION 5 Find the present value of teceiving 560,000 in eight years if your required rate of return is 6% compounded annually Round intermediate steps to four decimals and your final answer to two decimals Do not use the dollar sign or words when entering your response QUESTION 6 You've just started your career and you're ready to set up your retirement account. You plan to work for 35 years and you'd like to have 51,500,000 in your account when you retire Assuming that your account earns 9% per year, how much must you invest each month to reach your goal? 0 531 63 579.48 506.10 509 89

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