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You will invest $300 per month into an account that pays 5% per year (but with monthly compounding). After 25 years how much money do
You will invest $300 per month into an account that pays 5% per year (but with monthly compounding). After 25 years how much money do you have? \begin{tabular}{l} \hline 121,351.00 \\ \hline 201,201.00 \\ \hline 178,652.00 \\ \hline 244,303.00 \end{tabular} Question 6 3 pts Tom was injured and disabled at work. The insurance company is currently paying him $75,000 per year. This will continue for 40 years. If the insurance company offers Tom a single amount today, in exchange for eliminating the annual payments, how much should Tom ask for (today)? Assume an interest rate of 8%. \begin{tabular}{l} \hline 1,788,909.00 \\ \hline 894,346.00 \\ \hline 701,222.00 \\ \hline 356,213.00 \end{tabular}
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