You've graduated from college and landed a good job. You want to replace your car, but don't want to take out a car loan. Instead, you decide to invest $200 per month in the stock market and hope to earn 6%. If the market performs as you're hoping, how many years will it take to accumulate $25,000? Ignore taxes. Monthly Payment ($) Growth Rate (%) Future Value ($) Number of Years = 200 6 25,000 Monthly Payment ($) Growth Rate (%) Future Value ($) Number of Years = 200 6 25,000 (Round to two decimal places.) The preferred stock of Marble Comics pays annual dividends of $1 in perpetuity (starting in one year). If you buy a preferred share for $22.35 and hold it in perpetuity, then what is your annual rate of return? Express your answer as a percentage rounded to 2 places. i.e. 12.3456% = 12.35%. What is your annual rate of return from the preferred stock? 0% (Round to two decimal places.) Francis Scott Key just won a "Name That Tune" contest with a grand prize of $260,000. However, the contest stipulates that the winner will receive $70,000 immediately, and the remainder divided equally at the end of each of the next 11 years. Assuming that he can earn 5% on his money, what is the present value of his winnings? What is the present value of the winnings? (Round to the nearest cent.)