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Question 8 10 pts Stella is doing her retirement planning. Starting next year (i.e., one year from today), she intends to deposit 4% of her
Question 8 10 pts Stella is doing her retirement planning. Starting next year (i.e., one year from today), she intends to deposit 4% of her annual salary into a retirement account every year. Her salary next year is expected to be $52,846, and she anticipates it will grow at an annual rate of 5%. Interest rates are 11%. She expects to make her last deposit in exactly 20 years when she retires. What will the value of her account on the day she retires? Input your response rounded to the nearest dollar but without the dollar sign. Question 9 5 pts Maggie is thinking of taking a project which will produce cash inflows of $900 a year for 4 years. The project has a 9% required rate of return and an initial cost of $2,800. What is the discounted payback period? Input your response rounded to two decimal places
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