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you invest $1,887 at the beginning of every year and your friend invests $1,887 at the end of every year. if you both earn an

  1. you invest $1,887 at the beginning of every year and your friend invests $1,887 at the end of every year. if you both earn an annual rate of return of 15.00%

a. how much would you have after 29 years?

b. how much will your friend have in his account?

2, you currently have $1,760 in a retirement savings account that earns an annual return of 07.00%. you want to retire in 43 years with $1,000,000. how much more do you need to save at the end of every year to reach your retirement goal?

3, you currently owe $3,814 to your credit card that charges an annual interest rate of 17.00% you make $196 of new charges every month and make a payment of $275 every month. what will your credit card balance be in three months.

4, you would like to retire in 34 years. the expected rate of inflation is 04.00% per year. you currently have a standard of living that requires $7,847 of monthly expenses. assuming you want to maintain the same standard of living in retirement. what are your monthly expenses expected to be the first year of retirement?

5, you purchase a house for $318,595 you made a down payment of $20,000 and the reminder of the purchase price was financed with a mortgage loan. the loan is a 30 year loan with an annual interest rate of 04.00%. mortgage payments are monthly. what is the monthly amount of your mortgage payment?

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