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Since your birth, your grandparents have been depositing $110 into a savings account every month. The account pays 6% interest annually. Immediately after your grandparents
Since your birth, your grandparents have been depositing $110 into a savings account every month. The account pays 6% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to: A. $25,565 B. $42,609 C. $59,653 D. $51,131 A stock is bought for $22.50 and sold for $26.50 one year later, immediately after it has paid a dividend of $1.50. What is the capital gain rate for this transaction? A. 17.78% B. 8.89% C. 3.56% D. 14.22% 4.3-2 MII annuity is set up that will pay $1,900 per year for eight years. What is the present value (PV) of this annuity given that the discount rate is 7% ? A. $6,807 B. $13,614 C. $11,345 D. $15,883
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