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You need $6,000 in 3 months to pay for your tuition. If your investments earn 5.00% APR (compounded monthly), how much do you have to
You need $6,000 in 3 months to pay for your tuition. If your investments earn 5.00% APR (compounded monthly), how much do you have to invest today such that your investment will grow to just cover your property tax bill? $6,044 O $5,287 $5.926 O $5,807 O $5,183 Question 3 10 pts You've lost a legal settlement and therefore have to pay $6,000 per month (starting next month) to the plaintiff for 360 months. If your investments earn 2.50% APR (Compounded monthly), How much would you have to invest today to have your investment just cover the settlement? $1,518,523 $1,548,893 $1,488,152 O $244,766 $239,967
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