Question
You are planning to start investing so that you can retire in 26 years. If you would like to have $2247674 when you retire and
- You are planning to start investing so that you can retire in 26 years. If you would like to have $2247674 when you retire and if you think you can earn 11.59% per year on average, how much will you have to deposit each week to meet your goal? Enter only numbers and decimals in your response. Round to 2 decimal places.
2. You are looking at investing in a real estate property that you expect might be worth $870380 in 5 years. Based on the risk of the property, you require a return of 9.21%. What is the most you should be willing to pay for it today? enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calculator.
3.You are saving up to retire early. You plan to deposit $190 every week for 25 years. If you think you can earn 7.42% per year on average, how much will you have in 25 years? Enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calculator.
4. You are buying a car and will borrow $20812 with a 5-year loan. The interest rate is 2.63%, what is your monthly payment? Enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calculator.
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