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What's the future value of $2,200 after 5 years if the appropriate interest rate is 6%, compounded monthly? a. $1,537.69 b. $2967.47 c. $1,699.55 d.

What's the future value of $2,200 after 5 years if the appropriate interest rate is 6%, compounded monthly?

a.

$1,537.69

b.

$2967.47

c.

$1,699.55

d.

$1,784.53

e.

$1,873.76

Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 10 years?

a.

$38,287.70 ?

b.

$23,788.03

c.

$25,040.03

d.

$26,357.92

e.

$27,675.82

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