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You plan to retire 8 years from today. Your current utility bills are $3,464 per year. How much will your utility bills be when you

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You plan to retire 8 years from today. Your current utility bills are $3,464 per year. How much will your utility bills be when you retire if utility costs are rising at 5.92% per year? D Question 2 1 pts The average annual tuition for a public university in 1998 was $19,394. In 2018, the average annual tuition for a public university is $23,746. How much (as a percentage) has the tuition cost increased over the entire period? State your answer to two decimal places (e.g., 3.86) Question 3 1 pts You plan to retire in 22 years. You would like to maintain your current level of consumption which is $57,156 per year. You will need to have 33 years of consumption during your retirement. You can earn 4.79% per year (nominal terms) on your Investments. In addition, you expect inflation to be 2.82% inflation per year, from now and through your retirement. How much do you have to invest each year, starting next year, for 8 years, in nominal terms to just cover your retirement needs

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