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When inputting an answer, found your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO

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When inputting an answer, found your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places. Q17) A loan has a stated annual rate of 17.33%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest? (1.5 points) \begin{tabular}{|l|l|l|} \hline Q21) You would like to retire in 33.0 years. The expected rate of \\ inflation is 1.48% per year. You currently have a standard of living \\ that requires $7,952.00 of monthly expenses. Assuming you want to \\ maintain the Same standard of living in retirement, what are your \\ monthly expenses expected to be the first year of retirement? (2. \\ points) \end{tabular}

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