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You want to go to Europe 5 years from now, and you can save $8,400 per year, beginning one year from today. You plan to
You want to go to Europe 5 years from now, and you can save $8,400 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? a. $45,791.28 b. $37,827.58 c. $38,823.04 d. $43,800.36 e. $49,773.13 What is the present value of the following cash flow stream at a rate of 13.0% Years: Q 0 2 $3,000 4 $6,000 CFs: $0 $1,500 $4,500 a. $8,590 b. $7,961 C. $11,837 d. $10,476 e. $9,533
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