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Trace plans to retire in 3 years with $518,000 in his account. If he receives payments of $123,400 per year and he receives his first
Trace plans to retire in 3 years with $518,000 in his account. If he receives payments of $123,400 per year and he receives his first $123,400 payment in 3 years and his last $123,400 payment in 7 years, then what is the expected annual return for his account? Answer as a rate in decimal format so that 12.34% would be entered as 1234 and 0.98% would be entered as .0098. Number Sasha plans to retire in 7 years from today with 217,755 dollars in her account. If she receives payments of 54,000 dollars per year and she receives her first 54,000 dollar payment in 8 years and her last 54,000 dollar payment in 14 years, then what is the expected annual return for her account? Answer as a rate in decimal format so that 12.34% would be entered as 1234 and 0.98% would be entered as .0098. Number What is the value of a vending machine that is expected to generate no cash flows for several years and then generate fixed annual cash flows of 28,400 dollars forever if the first annual cash flow of 28,400 dollars is expected in 3 years and the appropriate discount rate for the vending machine is 8.2 percent? Number
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