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You invest $3,516 at the beginning of every year and your friend invests $3,516 at the end of every year both earn an annual rate
You invest $3,516 at the beginning of every year and your friend invests $3,516 at the end of every year both earn an annual rate of return of 2.06%, how much will you have in your account after 34 years? Question 2 You invest $440 at the beginning of every year and your friend invests $440 at the end of every year. If y both earn an annual rate of return of 9.15%, how much will your friend have in your account after 13 yea Question 3 You currently have $4,258 in a retirement savings account that earns an annual return of 12%. You want retire in 45 years with $1,000,000. How much more do you need to save at the end of every year to reac your retirement goal? You currently owe $3,286 to your credit card that charges an annual interest rate of 21%. You make $161 of new charges every month and make a payment of $158 every month. What will your credit card balance be in three months? Question 5 2 pts You would like to retire in 23 years. The expected rate of inflation is 3% per year. You currently have a standard of living that requires $5,171 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? Question 6 2pts You purchases a house for $487,384. You made a down payment of $20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of 7%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment
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