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You want to invest $3,500/year into an account that earns 5.5% compounded annually. How much will you have in your account in 30 years? (Beginning
You want to invest $3,500/year into an account that earns 5.5% compounded annually. How much will you have in your account in 30 years? (Beginning of Period) O A. $267,468 OB. $682,500 O C. $253,524 OD. $53,666 Irma graduated from college with $35,000 of student loans. The loan will be repaid over 5 years at an annual interest rate of 7.5 percent. What is the monthly loan payment for this student loan? Remember, loans are END of period. O A. $583.33 OB. $8,650.77 O c. $701.33 OD. $751.33 Financial planners have several ways of charging for their services. Kendall, a financial planner, will charge you an "Assets Under Management" fee for managing your money. Which of the following is a good description of how he might charge you for his financial services? A. He will charge you 5% commission on every investment that you make, but there will be no other annual fee. B. He will charge you $500 for developing a retirement plan for your family, whether you invest money with him or not. C. He will charge you an annual fee equal to 1.5% of the money you have invested with him. OD. He will charge you a flat rate of $2,000 per year to manage your money
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