Suppose a condo generates $12,000 in cash flows in the first year. If the cash flows grow at 4% per year, the interest rate is 8%, and the building will be torn down in 25 years (the building is worthless after 25 years), what is the most you would pay for the condo today? Enter your response below (rounded to 2 decimal places) Number Section Attempt 1 of 1 Verify You are planning for your retirement in 25 years. At that time you want to have saved $6,500,000. How much do you need to save each year for the next 25 years if the interest rate on your investment will be 8% per year (APR)? Enter your response below (rounded to 2 decimal places) Number You are planning for your retirement in 24 years. At that time you want to have enough saved to be able to afford to spend $150,000 per year (starting at time 25) for 20 years of you live longer than 20 years your kids will have to support you) How much will you need to have saved by time 24 if the expected interest rate from time 24 to 44 is 13 percent per year? Number