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You are planning to save for retirement over the next 25 years. To do this, you will invest $900 a month in a stock account
You are planning to save for retirement over the next 25 years. To do this, you will invest $900 a month in a stock account and $600 a month in a bond account. The return of the stock account is expected to be 9 percent, and the bond account will pay 4 percent. When you retire, you will combine your money into an account with a 6 percent return. 8 02:03:32 Required: How much can you withdraw each month from your account assuming a 25-year withdrawal period?(Do not round your intermediate calculations.) Multiple Choice $8,65836 $101.863.08 $8.488 59 Multiple Choice $8.658 36 $11,863 08 $8.488 59 $8.318 82 $46705064 23 Papa Roach Exterminators, Inc., has sales of $644,000, costs of $375,000, depreciation expense of $56,000, interest expense of $33,000, and a tax rate of 40 percent. What is the net income for firm? 8 01:59:03 Multiple Choice $164.000 $108.000 $-77600 $197.000 Nout Multiple Choice $164,000 $108.000 $-77,600 $197.000 $141000 26 You borrow $7,230 to buy a car. The terms of the loan call for monthly payments for 5 years a rate of interest of 6 percent. What is the amount of each payment? 8 01:53:33 $139.78 $133.12 $103.63 $134.60 $103.08
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