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You hope to retire after 35 years and you need $750,000 in the bank to live the life you want after retirement. You can earn

  1. You hope to retire after 35 years and you need $750,000 in the bank to live the life you want after retirement. You can earn 8% per year on your investments. How much must you save every year to reach your goal? Use excel to calculate the answers

  1. You have been offered an investment opportunity that will pay you $6,000 per year for 6 years. What is the value of this stream of cash flows at the end of year 6, if you receive payments at the END of each year and you require a return of 7%? What if you receive payments at the BEGINNING of each year? Use excel to calculate the answers

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