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(Round to the nearest cent.) her local bank, She expects to oarn 7% annually on her actoount. a. How many years must Denise fathfully put

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(Round to the nearest cent.) her local bank, She expects to oarn 7% annually on her actoount. a. How many years must Denise fathfully put away her money to succeed at becoming a milionalee? b. If Denise switches to a monehly savings plan and puts one-hwelth of the $4,000 away each month (\$333.33), how much will ahe have in 43 years at the Th, APR? c. Why is the future value under the monthly savings plan more than the $1,000,000 goar? Next, ler's assume Denise is now thirty-five years old and thus has thirty years for saving toward her one-millon-dollar goal. She anticipotes an APR of 10% on her irvesinierits d. How much does she need to sme each year to become a millionaire by age saty-five if she pots money awiy asnusly? e. How much does she need to save if she puts money away monthly? f. Why does it take more per month when she is putting money away at tow than when she was earning a lower rate of 7% over the 43 years? Note: Ignore the effect of taxes on your calculations. If Denise puts away $4,000 at the end of each year and earns 7% annually on her acoount, how many years must she fathfully put away her money to succoed at becoming a militonaire? years (Round to two decimal places.)

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