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Your Answer: Answer Question 28 (3 points) An investor can purchase a small business today for $306,700. The investor plans on holding the business for

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Your Answer: Answer Question 28 (3 points) An investor can purchase a small business today for $306,700. The investor plans on holding the business for three years, and wants a 18.00% annual return on his investment. He feels he can sell the business for $382,300.00 in three years. In addition, he also believes he can create an annual cash flow of $39,300.00 over the next three years from operating the business. What is the value today of the expected cash flows from this investment? (This is the net value, so include the cost at year 0) -Answer $123.44 as 123 Your Answer iswe Question 29 (3 points) A couple wants to withdraw $6.000 al the beginning of each month during retirement. The couple expects retirement to last 20 years. During retirement the couple will have their money in a savings account that pays 1.2% APR with monthly compounding Currently. the couple has 25 years from today until retirement and has $100,000 in their retirement mutual fund. The fund earns 5.6% APR (with monthly compounding. The couple will make contributions to this account at the end of each month How much do they need to

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