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There's an investment opportunity presented to you. You pay a specific amount of money today. In exchange, you will receive $3 next year that will
There's an investment opportunity presented to you. You pay a specific amount of money today. In exchange, you will receive $3 next year that will grow at 3% per year thereafter. Assuming the EAR is 10%, how much would you pay today for this perpetuity? 33 O 20 43 O 57 You just graduated from SMU today and decide to start saving for retirement. Using your knowledge from your FINA 3320 class, you hink $2,500,000 for your retirement is adequate when you retire in 40 years. You will save a certain amount of money every month at he beginning of each month for the next 40 years. If you can earn a % APR compounded monthly. How big of a deposit you have to make each month? O 534 O 866 O 872 O 530
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