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You are planning your retirement and you come to the conclusion that you need to have saved $1000000million in 30 years. You can invest into
You are planning your retirement and you come to the conclusion that you need to have saved $1000000million in 30 years. You can invest into an retirement account that guarantees you a 10% ann return. How much do you have to put into your account at the end of each year to reach your retiremen Question 5 (1 point) What is the effective annual rate (EAR) of 9% compounded monthly? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%) Your Answer: Answer Question 6 (1 point) You found your dream house. It will cost you $300000 and you will put down $35000 as a down payment For the rest you get a 30-year 6.0% mortgage. What will be your monthly mortgage payment in S (assume no early repayment)? Your
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