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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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