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. You are considering buying some real estate. You think the property will appreciate to $350,000 in 6 years. If you want at least a
. You are considering buying some real estate. You think the property will appreciate to $350,000 in 6 years. If you want at least a 14% return on your investment, what is the most you should pay for this property?
A.) You are investing $250 a quarter into a mutual fund with an average annual return of 11%. If you continue doing this for 19 years, how much would you expect to have in your account?
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