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Home / Questions / 04 You are hoping to buy a new boat 3 years from now and you plan to save $4200 per year b...

04 You are hoping to buy a new boat 3 years from now and you plan to save $4200 per year beginning one year from today You will deposit your savings in an account that pays 52% interest How much

04 You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now? $11,973 $12,603 $13,267 $13,930 $14,626 Question 2 (0.2 points) 04 Your aunt wants to retire and has $375,000. She expects to live for another 25 years and to earn 7.5% on her invested funds. How much could she withdraw at the end of each of the next 25 years and end up with zero in the account? $33,641.50 $35,323.58 $30,361.46 $31,959.43 $28,843.38
 

Apr 28 2020 View more View Less

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