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questions 8-10 will thumbs up! thank you! Question 8 (1 point) When Kate was born, she received $2,000 from her relatives as a gift. Her

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questions 8-10 will thumbs up! thank you!
Question 8 (1 point) When Kate was born, she received $2,000 from her relatives as a gift. Her mom invested the money in a stock. The return on the account has been 15% compounded annually. Now Kate is 25 years old. How much does she have on the account? She did not touch her account for 25 years and let the returns compound. A Question 9 (1 point) Ganiu's daughter will be going to college in 15 years. The first year of college will cost $60,000. Ganiu wants to have enough saved to pay the $60,000 for the first year of the program. How much money does Ganiu have to set aside today in order to have $60,000 to pay for the first year of the program fifteen years from now? The money will be invested in a high yield bond which pays 6% interest rate compounded annually. Question 10 (1 point) You find an lucrative investment that promises 22% in returns every year. You put $3,000 into this investment today and do not take any monies out for 30 years. How much will your investment be worth in 30 years

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