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You want to go to Europe 5 years from now, and you can save $3,500 per year, beginning one year from today. You plan to

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You want to go to Europe 5 years from now, and you can save $3,500 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 12.7% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? Your answer should be between 18,055.00 and 24,575.00, rounded to 2 decimal places, with no special characters Question 8 5 pts Your father is about to retire, and wants to buy an annuity that will provide him with $50.000 of income per year for 25 vears, beginning a vear from today. The soing rate on such annuities is 6.50%. How much would it cost him to buy such an annuity today? our answer should be between 458.000.00 and 760.000.00. rounded to 2 decimal places, with no special characters

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