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Suppose you save $5,500 at the end of every quarter for your retirement. If you can earn 11% per year (APR) on your investments, how
Suppose you save $5,500 at the end of every quarter for your retirement. If you can earn 11% per year (APR) on your investments, how much will you have saved by the time you retire in 20 years? Enter your response below (rounded to 2 decimal places) Number Suppose a condo generates $15,000 in cash flow at the end of year one. If the cash flows grow at 3% per year, the interest rate is 10%, and the building will be torn down in 29 years (the building is worthless after 29 years), what is the most you would pay for the condo today? Enter your response below (rounded to 2 decimal places). Number Suppose you take a 5 year loan of $15,000 with an interest rate of 7% and annual payments starting at the end of year 1. What are the annual loan payments? Enter your response below. Number Correct response: 3,658.36+1 Click "Verify" to proceed to the next part of the question. The loan payments are $3658.36 per year. Suppose you decide to pay off the loan at time 4. How much would you have to pay (including the time 4 payment), assuming there are no penalties for early repayment? Enter your response below. Number Click "Verify" to proceed
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